Find substantial excess burden relative to revenue collected

Reference no: EM131500100

Question: In the United Kingdom, each household that owns a television pays a compulsory levy that is equivalent to $233 per year. The total revenue collected. which is over $7 billion annually, goes to the British Broadcasting Corporation. Do you think that such a tax is likely to have a substantial excess burden relative to the revenues collected?

Reference no: EM131500100

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