Example of what type of forecasting-static or dynamic

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Congress would like to increase tax revenues by 6.5 percent . Assume that the average taxpayer in the United States earns $57, 000 and pays an average tax rate of 20 percent. 1. If the income effect is in effect for all taxpayers, what average tax rate will result in a 6.5 percent increase in tax revenues? 2. This is an example of what type of forecasting? Static or Dynamic?

Reference no: EM131250433

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Example of what type of forecasting-static or dynamic : Congress would like to increase tax revenues by 6.5 percent . Assume that the average taxpayer in the United States earns $57, 000 and pays an average tax rate of 20 percent. 1. If the income effect is in effect for all taxpayers, what average tax ra..

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