Question

1. Do you think that taxes should be increased? Explain why or why not. If yes, then whose taxes be raised? Which income levels? To what levels?

Answer 1

1.No, I don't think that taxes should be increased because , when there is an economic Chaos and an impending recession on its way, raising of tax rate would not result into collection of revenues because people are losing on to their jobs and there is a high level of unemployment into the country, so in such scenarios government should opt for easing of tax rate instead of increasing of tax rate.

So I want taxes to be reduced at these times when there is an adverse economic scenario and likelihood of recession.