High tax rates that put money into the government's coffers tend to slow spending,and ultimately slow the economy.
Level of Learning 2: Understanding of concepts and principles

Name: High tax rates that put money into the government's coffers tend to slow spending,and ultimately slow the economy. Level of Learning 2: Understanding of concepts and principles
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Question

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High tax rates reduce disposable income which leads to a decrease in consumer spending, ultimately slowing down the economy.

High Tax Rates That Put Money into the Government's Coffers