Answer: It would not affect gross income.
Sun Apr 28 2002 14:30:00 GMT-0400 (Eastern Daylight Time) · The tax rate may increase as taxable income increases (referred to as graduated or progressive rates). The tax imposed on companies is usually known as corporate tax and is levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of currency increases (e.g. the first $10000 …
For a tax increase this is positive. The behavioural effect is the effect that the behavioural change induced by the tax change would have on government revenue at the initial tax rates. Raising taxes will discourage labour supply and this will lead to lower tax revenue as a result; so for a tax increase …
Mon Jul 17 2006 14:30:00 GMT-0400 (Eastern Daylight Time) · The study which represents supporters’ worst-case scenario for a consumption tax predicts that the economy will grow only 3% more in ten years than it would have under the income tax and that the increase in consumption will be 1.15% less in the first year relative to what it would have been under the income tax .
Tax cut – Wikipedia
Effect of taxes on employment – Wikipedia
Negative income tax – Wikipedia
Negative income tax – Wikipedia
The effect of taxes on empl…