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How tax’s can effect the economy

asked
User Pherris
by
8.4k points

1 Answer

1 vote

Answer:

Taxes can be good and bad for the economy.

Step-by-step explanation:

Taxes help produce economic resources, which is good for the economy. Experts agree that if the taxes were lowered, but the amount of people widened, it would benefit the economy. If the taxes were reduces, but the amount of people stayed the same, it could be bad for the economic growth in the long run. Article I, Section 8 of the United States Constitution gives many reason why the government can tax.

answered
User Fatma
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7.3k points
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