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Laffer Curve shows relationship between tax rates and the amount of tax revenue collected by government It suggests that raising the tax rate upto a certain limit will increase the tax revenue, after which any rise in the tax rate will decrease the tax revenue A high tax rate will discourage the taxed activities, such as work and investment Laffer curve shows the two extreme point of tax rate, 0% and 100%, at both of these rate no tax revenue will be generated At a 0% tax rate, tax revenue will be zero. As no tax impose, no revenue At 100 % tax rate, all people would choose not to work because everything they earned would go to the government. Therefore, is a point lying in between 0 to 100% range, where tax revenue is maximum (Rmax) (say t%) i.e. known as optimum tax rate Any rate higher or lower than that will lower the tax revenue If government wants to increase tax revenue, it will choose optimum tax rate.
The essence of Engel's law is that as family incomes rises
Cauliflower is deficiency indicator plant for which of the following element?
The minimum tillage, wherein primary tillage is completely avoided and secondary tillage is restricted to seedbed preparation in the row zone only, is:
Arrange the following parts of Wheat (Triticum aestivum L.) in descending order with respect to their chromosome number.
A. Endosperm
B. M...
Which is one of the essential amino acid which is abundant in milk proteins
‘Heart rot’ in Sugarbeet and ‘water core’ in turnip are the deficiency symptoms of:
Acetic acid can be used as
Which one of the following is best stage for the harvesting of Anthurium
After the cell has undergone mitosis, the amount of DNA in daughter cells will be:
Movement of plant towards sunlight is known as