Mathematics, 08.09.2020 14:01 johnb8223
Congress is debating a proposed law to to reduce tax rates. If the current tax rate is r%, then the proposed rate after X years is given by this formula: Rewrite this formula as a simple fraction. Use your formula to calculate the new tax rate after 1,2,5 and 20 years. Would tax rates increase or decrease over time? Congress claims that this law would ultimately cut people’s tax rate by 75%. Do you believe this claim?
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Congress is debating a proposed law to to reduce tax rates. If the current tax rate is r%, then the...
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