During the Last 15 Years, What Has Happened to the Marginal

question 704

Multiple Choice

During the last 15 years, what has happened to the marginal tax rates imposed on high-income taxpayers and the personal income tax revenues collected from them?

• A) Both the rates imposed and the revenues collected from the rich have increased.
• B) Both the rates imposed and the revenues collected from the rich have declined.
• C) The tax rates imposed on the rich have declined, but the revenues collected from them have increased.
• D) The tax rates imposed on the rich have increased, but the revenues collected from them have declined.

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Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Passive Behavior

A pattern of avoiding direct communication, conflict, or confrontation, often characterized by compliance, avoidance of responsibility, and failing to express one’s own needs or preferences.

Vroom-Yetton-Jago

A decision-making model that helps leaders determine the appropriate level of employee participation in decision making based on situational variables.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives to achieve a desired outcome.