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Most investment returns in the U.S. are currently taxed at a 15% rate.

Therefore, investors lose 15% of their returns to pay the cost of t...

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Most investment returns in the U.S. are currently taxed at a 15% rate.

Therefore, investors lose 15% of their returns to pay the cost of taxes.
If the government reduces this tax to 5%, which effect will most likely result?

Answer

The lower classes in society will be taxed more to cover the difference.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 40 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 113 views.

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