Congress would like to increase tax revenues by 5 . 5 percent. Assume that the average taxpayer
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Question:
Congress would like to increase tax revenues by percent. Assume that the average taxpayer in the United States earns $ and pays an average tax rate of percent.
Required:
If the income effect is in effect for all taxpayers, what average tax rate will result in a percent increase in tax revenues?
Note: Round your answer to decimal places.
Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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