Notes
Fiscal Drag…
Fiscal Drag is the effect of inflation upon effective tax rates or sometimes the effect of growth in nominal gross domestic product on tax revenue. In other words, fiscal drag is directly related to inflation and tax rates.
Notes
Fiscal Drag is the effect of inflation upon effective tax rates or sometimes the effect of growth in nominal gross domestic product on tax revenue. In other words, fiscal drag is directly related to inflation and tax rates.
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