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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.
Careful is to cautious as boastful is to:
Select the set in which the numbers are related in the same way as are the numbers of the following set.
(12, 27, 21)
Select the combination of letters that when sequentially placed in the blanks of the given letter series will complete the series.
L L _ _ N O _ ...
In the following question, four number pairs are given. In each pair the number on left side of (–) is related to the number of the right side of (â€...
Choose the word which is different from the rest
Select the word which does not belong to the same group from the given alternatives.
Which word will best complete the relationship given below?
Bricklayer : Trowel :: Tailor : ?
Words given on the left side of (::) are related to each other by some logic/rule/relation. Select the missing word on the right side of (::) from the g...
Select the option that is related to the fifth number in the same way as the second number is related to first number and the third number is related to...
Select the option in which the numbers are not related in the same way as are the number of the following set.
(12, 15, 90)