Suppose the U.S. government needs to fund a 2 billion dollar bill, and they are...
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Suppose the U.S. government needs to fund a 2 billion dollar bill, and they are going to do so by adjusting tax bracket cutoffs. If there are 240 million Americans that max out the 10% tax bracket (after standard deduction), then how much lower does the 10% tax bracket upper limit (currently at 9950) need to drop to generate 2 billion dollars? Assume everyone is filing singly. Round your answer to the nearest dollar that works
Suppose the U.S. government needs to fund a 2 billion dollar bill, and they are going to do so by
adjusting tax bracket cutoffs. If there are 240 million Americans that max out the 10% tax bracket
(after standard deduction), then how much lower does the 10% tax bracket upper limit (currently
at 9950) need to drop to generate 2 billion dollars? Assume everyone is filing singly. Round your answer to the nearest dollar that works
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