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The Laffer curve assumes that no tax revenue is raised at the extreme tax rates of 0% and 100%, meaning that there is a tax rate between 0% and 100% that maximizes government tax revenue. [a] [1] [2] The shape of the curve is a function of taxable income elasticity—i.e., taxable income changes in response to changes in the rate of taxation.
Modern monetary theory or modern money theory (MMT) is a heterodox [1] macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires. [2]
1/7 or 1-7 most commonly refers to 1/7 (number), a fraction (one seventh, 1 ⁄ 7) 1/7 may also refer to: January 7 (month-day date notation) 1 July (day-month date notation) 1st Battalion 7th Marines, an infantry battalion of the 7th Marine Regiment of the United States Marine Corps. 7th Battalion (1st British Columbia), CEF; The margin at ...
State employment growth versus change in tax liability for bottom 90% income earners in the United States. This chart has been claimed to show that tax decreases on the bottom 90% income earners are correlated with increased employment growth. [2] and employees. The effect of taxes on employment is a hotly debated economic and political issue.
The initial EITC was expanded by tax legislation on a number of occasions, including the widely publicized Tax Reform Act of 1986, and it was further expanded in 1990, 1993, 2001, and 2009, regardless of whether the act in general raised taxes (1990, 1993), lowered taxes (2001), or eliminated other deductions and credits (1986). [11]
A professional investor contemplating a change to the capital structure of a firm (e.g., through a leveraged buyout) first evaluates a firm's fundamental earnings potential (reflected by earnings before interest, taxes, depreciation and amortization and EBIT), and then determines the optimal use of debt versus equity (equity value).
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. [1]
Paul Robin Krugman (/ ˈ k r ʊ ɡ m ə n / ⓘ KRUUG-mən; [4] [5] born February 28, 1953) [6] is an American New Keynesian economist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York.