Consider a state debating how to finance emergency road and bridge improvements. Among the possibilities are increased
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Consider a state debating how to finance emergency road and bridge improvements. Among the possibilities are increased fees on drivers' licenses, a personal property tax on motor vehicles, a tax on automobile parts (including tires), and higher taxes on cigarettes and liquor. Which of these taxes are benefi t taxes, which are corrective taxes, which are both? Which of these taxes is least distortionary?
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Related Book For
Economics Of The Public Sector
ISBN: 9780393925227
4th Edition
Authors: Joseph E. Stiglitz, Jay K. Rosengard
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