A marginal tax rate of 91 percent means that
A) total tax is calculated by taking 91 percent of income.
B) total tax is calculated by taking 9 percent of income.
C) for each additional dollar earned,only 91 cents can be used toward consumption.
D) for each additional dollar earned,only 9 cents can be used toward consumption.
E) for each additional dollar earned,9 cents is taxed away.
Correct Answer:
Verified
Q109: Income tax revenue is calculated by
A) tax
Q110: Refer to the following figure to answer
Q111: Refer to the following figure to answer
Q112: One argument for tax cuts when the
Q113: Refer to the following figure to answer
Q115: The Laffer curve shows that
A) tax revenue
Q116: Refer to the following figure to answer
Q117: Politicians who always advocate for tax rate
Q118: The x axis for the Laffer curve
Q119: At _ tax rates,_ in those tax
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents