What average tax rate will result

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Reference no: EM13320364

Congress would like to increase tax revenues by 18 percent. Assume that the average taxpayer in the United States earns $67,000 and pays an average tax rate of 19 percent. If the income effect is in effect for all taxpayers, what average tax rate will result in a 18 percent increase in tax revenues? This is an example of what type of forecasting?

Reference no: EM13320364

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