6.Suppose the efficiency-loss ratio of taxes on capital income is 30 percent. The capital income taxes currently
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6.Suppose the efficiency-loss ratio of taxes on capital income is 30 percent. The capital income taxes currently collect $50 billion of revenue per year. What would be the gain in well-being if a lump-sum tax replaced the current taxes on capital income?
Related Book For
Public Finance A Contemporary Application of Theory to Policy
ISBN: 978-1285173955
11th edition
Authors: David N Hyman
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