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liljay liljay
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4 years ago
Capital gains are taxed at a different rate than income and this reduces revenues the government receives. All else equal, what would happen if capital gains taxes were eliminated?

▸ They would have to be replaced by a consumption tax.

▸ The government would not be able to spend money on any programs.

▸ The deficit would increase because of lack of revenues.

▸ Everyone would have to pay less in taxes.
Textbook 
Macroeconomics: Principles, Applications and Tools

Macroeconomics: Principles, Applications and Tools


Edition: 7th
Authors:
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shamanieshamanie
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4 years ago
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liljay Author
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this is exactly what I needed
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Helped a lot
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