In 1990, Congress adopted a new tax on luxury goods, such as yachts, private airplanes, and jewelry.
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In 1990, Congress adopted a new tax on luxury goods, such as yachts, private airplanes, and jewelry. Assume this was charged as a per unit tax to the consumer. Was this a good way to accomplish the objective of taxing rich people? Explain.
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Related Book For
Managerial Economics and Organizational Architecture
ISBN: 978-0073523149
6th edition
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman
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