Individual tax system, How may this influence how you would

Individual tax system

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Reference no: EM1333542

Let's say there's a tournament with 10 participants. This is the only tournament of the year, and is the only source of income for each participant. There is $500,000 total prize money. How would you allocate the prize money among the participants (1st-10th) and why? How may this influence how you would design an individual tax system?

Reference no: EM1333542

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