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Nesterboy [21]
3 years ago
13

When tax rates are too high, a decrease in tax rates will cause a(n) __________ in the tax revenue.

Social Studies
1 answer:
lisabon 2012 [21]3 years ago
5 0

Answer:

decrease.

Explanation:

The laffer curve is a curve that is used to describe the relationship between the tax rate and tax revenue. if government-induced high tax rates then it directly affects the tax revenue due to the negative impact on investment activities. while on the other side if the government cut the tax rate then it will encourage the economic stability and enhance the tax revenue

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The Preamble, which is sometimes referred to as Introduction, was made to persuade Americans to support the cause of independence even with their lives, if necessary lives, and to unite them towards the accomplishment of better lives and liberation.

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Easy peasy-
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