The correct answer is D.
The Laffer Curve represents the relationship between the tax rate and the total tax revenues collected by the economic authorities. It illustrates the incidence of the taxable income elasticity, the sensitiveness of the income earned by the economic agents on which the tax is applied, to variations in the tax rate.
<em>A laffer curve is represented in the graph attached.</em> Tax collection is 0 for 0% and 100% rates. Between these two values, the function will have an increasing section, a maximum and a decreasing section. Its maximum consitutes the tax rate that maximizes the total tax collection.
B. <span> The taxes are collected by the government based on the person's income.</span>
Answer:
5. B, E & D
6. Federal
7. State
8. Federal
9. One of the biggest issues with the Electoral College is the fact that winner takes all. A candidate, for instance, could win the majority of the popular vote, but lose according to the Electoral College. This has happened quite a few times in the past
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Veitnamese used the method of protest to gain its independence. Vietnam fought against US and France to gain its independence.. They fought against the most advanced and capitalist countries for the sake of their freedom . Teachers in school slightly changed the matter and students also protested against France . Few formed parties and published journals and newspaper. Officials at the imperial court led a scholar's movement in 1939 and killed over 100s of catholics.
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