Higher taxes is very unpopular and may result in losing the future elections.
Higher tax rate means decrease in the real income of the people. This will results in rising of the inflation as higher the tax rate the more will be the cost of production.
There will be many other consequences for the implication of higher tax rates such as people will not like that government anymore because very few people if comfortable in paying more taxes.
It will increase the gap between the rich and poor.
It may be possible that in future people will not prefer this government again for charging higher tax rates.
To know more about government:
brainly.com/question/16940043
#SPJ4
So you are more experienced when making future investments, you have more positive spending habits and can afford things other may not be able to at that age.
The one being referred to as the ability of consistently
producing a given result is called reliability. It is because reliability is
being defined as a way of producing consistency and reproducibility in a given
result in which the quality is considered to be trustworthy.
