Mathematics, 02.05.2021 23:10 smithsa10630
Congress would like to increase tax revenues by 19 percent. Assume that the average taxpayer in the United States earns $54,000
and pays an average tax rate of 15 percent.
a. If the income effect is in effect for all taxpayers, what average tax rate will result in a 19 percent increase in tax revenues? (Round
your answer to 2 decimal places.)
Answers: 3
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Congress would like to increase tax revenues by 19 percent. Assume that the average taxpayer in the...
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