Supply-side tax cuts tend to benefit the rich because tax cuts
A) on income tend to benefit high-income earners more than low-income earners.
B) on savings benefit high-income earners who do most of the personal saving.
C) for capital formation tend to benefit those with the means to accumulate capital.
D) on capital gains tend to benefit those with larger financial assets.
E) All of the above are correct.
Correct Answer:
Verified
Q170: Supply-side tax cuts are more likely to
Q171: Capital gains tax cuts inevitably benefit
A)low-income workers.
B)retired
Q172: Figure 11-2 Q173: The primary goal of supply-side economics is Q174: Critics of supply-side economics argue that tax Q176: Federal budget deficits are often increased by Q177: Critics of supply-side economics argue that a Q178: If the demand-side effects of supply-side tax Q179: Tax cuts associated with supply-side economics often Q180: The main idea behind supply-side tax cuts
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