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28 Sep 2019
During the last presidential election, one of the canidates mentioned flat taxes for wages, capital gains and consumption (sales/VAT). The total Gross National Product of the United States is around 17T (Trillion) dollars. If that $17T is made up of $9T in wages, $2T in Capital Gains and $6T in sales, a) If that $17T is made up of $9T in wages, $2T in Capital Gains and $6T in sales, what equal percentage is needed to meet the US budget of $4T? b) If you add $2T for debt service what are the equal percentages? c) If you could vary the percentages, what would be your mix?
During the last presidential election, one of the canidates mentioned flat taxes for wages, | ||
capital gains and consumption (sales/VAT). The total Gross National Product of the United States | ||
is around 17T (Trillion) dollars. If that $17T is made up of $9T in wages, $2T in Capital Gains and $6T in sales, | ||
a) If that $17T is made up of $9T in wages, $2T in Capital Gains and $6T in sales, what equal percentage is needed to meet | ||
the US budget of $4T? | ||
b) If you add $2T for debt service what are the equal percentages? | ||
c) If you could vary the percentages, what would be your mix? |
Casey DurganLv2
28 Sep 2019