You have 1,000 households. The average income per household in your country is $25,000 and you need
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You have 1,000 households. The average income per household in your country is $25,000 and you need to raise about $8,000,000 in taxes to pay for roads, hospitals, national defense, airports, etc. How do you tax your population? Note that if the household income drops below $10,000 families will have an incentive to stop working and collect welfare instead which reduces the number of households that can pay taxes!
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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