The One Uncontroversial Statement at the Foundation of "Supply-Side" Theory

question 99

Multiple Choice

The one uncontroversial statement at the foundation of "supply-side" theory is that

• A)cutting income tax rates raises the tax base by enough to increase tax revenues.
• B)income taxes reduce the after-tax reward to work and saving.
• C)reducing income taxes would significantly increase work effort.
• D)reducing income taxes would significantly increase personal saving.

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Definitions:

Assignment

The transfer of a debtor’s property to an Official Receiver under a voluntary assignment in bankruptcy.

Amount Owing

The total sum of money that is due or payable to another party.

Not to Commit Waste

A principle obligating a party to avoid causing damage or destruction to property.

Quiet Possession

The right of a tenant or property owner to use and enjoy their property without interference.