DAP Assignment 3
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YOUR CTAX
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OMINGCUT
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OONNOO(
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TRR
OOT )
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TAX(n.) the act of re
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CUTducing taxation
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THIS USUAL
Government real income falls.
$ $
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$LLY MEANS
$
Residents’ real income rises. (if the tax cut affects them)
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THE BUSHCOULD BE
AT THE20
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TAX CUTSRENEWEDEND OF10
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FORWHAT DOESWHAT DOES
FORAMERICAN
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THETHIS MEANTHIS MEANTHEPEOPLE?
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ENTIRE U.S.
POPULATION
ENTIRE U.S.
POPULATION
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12.5%will make less than $10,000 in 2011.
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16.5%will make
$10,000 - $19,999.
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13.1%will make
$20,000 - $29,999.
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10.3% will make $30,000 - $39,999.
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will make$40,000 - $49,999.
8%
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13.1%will make$50,000 - $74,999.
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3.4% will make $75,000 - $99,999.
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11.9% will make $100,000 - $199,999.
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3.4%will make
$200,000 - $499,999.
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0.6%will make
$500,000 - $999,999.
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0.3% will make over $1,000,0000.
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1/3 of this 0.3%
makes an average of$7,700,000.
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SIZE OF TAX CUT INCR
Avg. 2011Income
$0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000
$5 $137 $503 $719 $836 $11
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EASES WITH INCOME.
$75,000 $100,000 $200,000 $500,000$1,000,000 $7,700,000
80
$1936$3810
$7484$19,480
$128,832
$339,473
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AVG. INCREASE IN
Avg. 2011Income
$0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000
+0.1% +0.9% +2.2% +2.4% +2.2% +2.3%
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$75,000 $100,000 $200,000 $500,000$1,000,000 $7,700,000
+2.8%+3.5%
+3.4%+3.8%
+6.2%
+6.9%AFTER-TAX INCOME
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Macau is one of China’s two special
administrative regions (SAR).
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Macau has expeconomic growth
casino
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erienced strongdue to its thrivingindustry.
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The Four Seasons Macau experienced
over 300% growth in it’s first year of
operation.
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0
3250
6500
9750
13000
‘95 ‘96 ‘97 ‘98 ‘99 ‘00 ‘01 ‘02 ‘03 ‘04 ‘05 ‘06 ‘07 ‘08 ‘09
Inbound Tourist Arrivals (1000s)
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Data from the World Tourism Organization shows that
inbound tourist arrivals have increased by 147.6% from
1995 to 2009.
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At the same time, there has been 348% growth in
Macau residents traveling abroad.
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0
75
150
225
300
‘95 ‘96 ‘97 ‘98 ‘99 ‘00 ‘01 ‘02 ‘03 ‘04 ‘05 ‘06 ‘07 ‘08 ‘09
Outbound Resident Tourist Departures (1000s)
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One possiblegrowth in the cas
have led toof living that allows
Macau to
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claim is thatino industry maya higher standardmore residents oftravel.
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Another possibilityresidents have mo
resulting from
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is that moreved to Macauthe growing economy.