Question: 9) Consider the table below. It shows a hypothetical income tax schedule1 expressed in nominal terms, for the year 2014: Family income Taxes due [percent

9) Consider the table below. It shows a hypothetical income tax schedule1 expressed in nominal terms, for the year 2014: Family income Taxes due [percent of income] 5 $20,000 10 $20.0 01$301000 12 Boom$50,000 15 $50.0 D1$ 80,000 20 :b- $B0.000 25 The legislature wants to ensure that families with a given real income are not pushed up into higher tax brackets by inflation. The CPI is IT'S in 2014 and 185 in 2016. How should the income tax schedule above be adjusted for the year 2016 to meet the legislature's goal

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