Solution-What average tax rate will result increase

What average tax rate will result increase

Reference no: EM132067624

Question - Congress would like to increase tax revenues by 11.5 percent. Assume that the average taxpayer in the United States earns $62,000 and pays an average tax rate of 10 percent.

If the income effect is in effect for all taxpayers, what average tax rate will result in a 11.5 percent increase in tax revenues?

Reference no: EM132067624

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What average tax rate will result increase : If the income effect is in effect for all taxpayers, what average tax rate will result in a 11.5 percent increase in tax revenues

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What average tax rate will result increase

Reference no: EM132067624

Reference no: EM132067624

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