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Business, 18.09.2019 08:30 megamorph

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.
a. 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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