In the United States, 44 states have passed legislation to legalize lotteries, and the states use the
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In the United States, 44 states have passed legislation to legalize lotteries, and the states use the lottery proceeds to raise revenue. If you view the price of a lottery ticket as a tax, do you think it would be a proportional, progressive, or regressive tax? What information would you need to definitively determine if it was proportional, progressive, or regressive?
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If you view the price of a lottery ticket as a tax it would typically be considered a regressive tax A regressive tax takes a higher percentage of inc...View the full answer
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Related Book For 
Mylab Economics With Pearson Access Code For Principles Of Microeconomics
ISBN: 9780135197141,9780135197103
13th Edition
Authors: Karl E. Case; Ray C. Fair; Sharon E. Oster
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