2007-05-27 13:34:24 · 9 answers · asked by Anonymous in Social Science ➔ Economics
If that were the scenerio I don't think that that would be such a good idea because sales tax and levies and tafiffs help pay for certain things.
Such as gasoline tax, helps to improve roads.
2007-05-27 13:39:22 · answer #1 · answered by Anonymous · 0⤊ 1⤋
NO. Removing sales taxes, levies and tariffs when the economy is booming would only lead to a disastrous inflation cause by people having to much money on their pockets.
But if you do it while in a recession or depression of the economy it will mostly help to to fasten the recovery process.
2007-05-28 19:31:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes - the result would be lower prices for consumers. For most consumer goods demand is elastic: demand increases if the price goes down.
So if the price of imported Gucci bags drops by 20%, more people will buy them.
2007-05-28 09:10:02 · answer #3 · answered by Richard of Fort Bend 5 · 0⤊ 0⤋
Yes, because these add to the consumer's price. Lower price, more sales. Of course, the degree to which this is successful depends on the price elasticity.
2007-05-27 13:43:46 · answer #4 · answered by Allan 6 · 2⤊ 0⤋
Now there is an theory fairly worth throwing contained in the rubbish can. in basic terms what we elect in this economic gadget, an more advantageous tax to pay on accurate of all the different taxes we are already paying. a nationwide revenues tax gained't help the business gadget this is going to cripple it even more advantageous, what are the those who have already lost their jobs meant to do ? i'm particular that no state will boost the quantity of unemployment that they get carry of. In California our revenues tax become more advantageous with the help of one million%, the position I stay we are now paying 9.25% and Obama needs to operate a nationwide tax above and previous that ? united statesA. the position you're born 'loose' and TAXED to demise !! I might want to provide up paying taxes and get appointed to Obama's cupboard
2016-11-28 02:21:24 · answer #5 · answered by ? 3 · 0⤊ 0⤋
Of course -- prices would be lower, and consumers would have more to spend.
2007-05-27 14:42:34 · answer #6 · answered by Yesugi 5 · 1⤊ 0⤋
Since this would lower the price people would buy more stuff but they may spend less not more on stuff. They may choose to save more or work less with part of their savings.
2007-05-27 19:39:28 · answer #7 · answered by meg 7 · 0⤊ 1⤋
of course. more money in ones pocket. i would like them to do away with federal taxes. lol. then people would have 35% of their income back.
2007-05-27 17:15:21 · answer #8 · answered by Anonymous · 0⤊ 0⤋
only if you make commercials, or else new consumers wont know that you removed all of these.
2007-05-27 13:42:38 · answer #9 · answered by Tbs Girl 3 · 0⤊ 2⤋