If the income effect is in effect for all taxpayers what

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Congress would like to increase tax revenues by 10%. Assume that the average taxpayer in the United States earns $65,000 and pays an average tax rate of 15 percent.

If the income effect is in effect for all taxpayers, what average tax rate will result in a 10 percent increase in tax revenues? This is an example of what type of forecasting?

Reference no: EM13591102

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