Which method of increasing government revenue has an immediate effect?
raising the minimum wage
lowering income taxes
increasing the sales tax
giving property tax breaks
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Increasing the sales tax.
Sales tax is collected at the point of sale, so raising it produces additional revenue immediately. The other options either reduce revenue (lowering income taxes, property tax breaks) or affect revenue only indirectly and over time (raising the minimum wage).
Sales tax is collected at the point of sale, so raising it produces additional revenue immediately. The other options either reduce revenue (lowering income taxes, property tax breaks) or affect revenue only indirectly and over time (raising the minimum wage).
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