# debate

posted by .

i just need some point or info on
pro side:
- Taxes gain more money over time
- Tax on capital gains at same rate as income tax will benefit the government

con side:
- When taxes get too high, economy goes into recession
- trimming tax cuts are more simple than they seem

thank you!

## Similar Questions

1. ### Macroeconomics

If your are in a first-year macro economics course then... 1) yes government purchases can increase total income. 2) cutting taxes could achieve the same result, 3) But the tax cut would need to be larger because the tax multiplier …
2. ### Economics

Suppose that a family's tax liability equaled its income multiplied by one-half minus \$10,000. Under this system, some families would pay taxes to the government, and some families would receive money from the government through a …
3. ### Macroeconomics

1). Kelly purchased ten shares of Gentech stock for \$200 in year 1 and sold all the shares in year 2 for \$220 a share. Between year 1 and year 2, the price level increased by 5%. The tax on capital gains is 50%. If the capital gains …
4. ### I need HELP bad! Macroeconomics!

1). Kelly purchased ten shares of Gentech stock for \$200 in year 1 and sold all the shares in year 2 for \$220 a share. Between year 1 and year 2, the price level increased by 5%. The tax on capital gains is 50%. If the capital gains …
5. ### government(taxes)

I am looking for a list of California state taxes. So far this all I have: 1) Sales Tax 2) Trash tax 3) Electricity tax 4) State income tax 5) Gasoline tax 6) Property tax 7) Federal telephone excise tax 8) Excise tax 9) social security …
6. ### economics

Suppose the income tax rate schedule is 0 percent on the first \$10,000; 10 percent on the next \$20,000; 20 percent on the next \$20,000; 30 percent on the next \$20,000; and 40 percent on any income over \$70,000. Family A earns \$28,000 …
7. ### Texas Government

the excise tax on gasoline is an example of a tax based on a benefit received rather than on the ability to pay. a. yes b. no This is obviously Yes since in the book it says >> For many governments the primary source of revenue …
8. ### Texas Government

The federal income tax in the U.S. is a benefit-based system. a. yes b. no I would say yes?
9. ### Taxes

In the US, we have a progressive tax system, which means higher incomes are taxed at a higher rate. But capital gains are not - they are taxed at a flat rate of 15%. This is an example of an institution, a formal "payment" rule, that …
10. ### Economics

Some people would prefer a single income tax rate because it?

More Similar Questions