If an increase in marginal tax rates leads to an increase in tax reven
If an increase in marginal tax rates leads to an increase in tax revenues, then
a. the Laffer curve model of tax revenue is refuted.
b. supply-side economics is refuted.
c. the economy could be below the tax revenue maximizing tax rate.
d. we could be on the upward sloping portion of the Laffer curve.
ANSWER
D
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.