In fiscal year 2011, the u. s. government ran a deficit of about $1,300 billion. in fiscal year 2012, the government ran a deficit of about $1,087 billion. other things the same, this change would be expected to have

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Business

Denzel Cannon

2 January, 00:20

In fiscal year 2011, the u. s. government ran a deficit of about $1,300 billion. in fiscal year 2012, the government ran a deficit of about $1,087 billion. other things the same, this change would be expected to have

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Tyrell Gordon · Answer 1

It will be decreased interested rates and investment increases. The receipts which were from social insurance taxes were declined because the tax rate which was applicable to employees was reduced.

Individuals income taxes which were accounted for the most of the increase in 2011 reflected and also increase in nonwage income and wage.