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Why? Congress often reduces taxes on middle- and low-income taxpayers with the expectation that consumers will spend...

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Accounting

Why? Congress often reducestaxes on middle- and low-income taxpayers with the expectation thatconsumers will spend most of that money and help create moreeconomic growth. Is this idea good or not, andwhy?

4. Some college studentsearn money that is paid to them in cash and then do not includethis as income when they file their tax returns. What are the prosand cons of this practice?

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4.4 Ratings (674 Votes)
Answer1 Yes This is true Congress often reduces taxes on uppermiddle middle and lower middle taxpayers so that their propensity to consume may increase These are the income groups that generate demand for any product or service Few    See Answer
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