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Much is made about taxes and whether we need higher or lower marginal tax rates. 1) Please write about marginal tax rates and whether you believe...
Much is made about taxes and whether we need higher or lower marginal tax rates.
1) Please write about marginal tax rates and whether you believe they need to be raised or lowered. Be sure to give your reasons WHY you feel the way that you do.
2) Please also state whether you prefer a progressive, regressive, or flat (proportional) tax rate and WHY.
3) Also, be sure to include the consequences of your preference on these three things:
a) economic growth
b) the deficit
c) "fairness"
In other words, how is you preference for raising or lowering tax rates (and your preference for a progressive, regressive, or flat marginal tax rate) going to affect economic growth, the budget deficit, and your idea of fairness?
