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12. This is a 3 part question. What has been the relationship over the past century between the U.S. economys income and the percentage of that income that the government collects in revenues? What are the characteristic(s) of an efficient tax system? Describe some of the demographic trends that are predicted to increase the governments budget deficit..

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12. This is a 3 part question. What has been the relationship over the past century between the U.S. economys income and the percentage of that income that the government collects in revenues? What are the characteristic(s) of an efficient tax system? Describe some of the demographic trends that are predicted to increase the governments budget deficit.

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