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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.
If ‘DEFINE’ is coded as '18', ‘CLUSTER’ is coded as '42', then what is the code for 'PROGRAM' in the same code language?
Which are the following is the code are ‘archieving’?
In a certain code language, ‘BRING’ is written as ‘XHQLS’ and ‘EXTRA’ is written as ‘UBFHY’. How will ‘GRAVY’ be written in that lan...
If 20 + 8 * 5 = e, then find the value of e < 2 > 4.
In a certain code language, ‘APPROVE’ is written as ‘ETTVSZI’ and ‘SUSPEND’ is written as ‘WYWTIRH’. How will ‘ TENSION ’ be written...
In a certain code ‘ELSA’ is written as ‘613202’, ‘ANNA’ is written as ‘215152’, ‘OLAF’ is written as ‘161327’, then how is ‘LI...
Which of the following is coded as ‘vg ks’?
What is the code for ‘say may’ in the given code language?
Which of the following is the code for "These markets"?
Which of the following is coded as ‘cmk psk’?