An increase in corporate income taxes would reduce
A) net domestic product.
B) gross domestic product.
C) national income.
D) personal income.

Question

Quizplus · Accepted Answer

An increase in corporate income taxes would likely result in reduced profits for businesses, which could lead to decreased dividends or wage payments to shareholders and employees. This would result in a reduction in personal income for those individuals who rely on these sources of income.

An Increase in Corporate Income Taxes Would Reduce