An estimate of the efficiency-loss ratio of taxes on labor income is 15 percent. The efficiency-loss ratio
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Assuming that these estimates are accurate, calculate the change in well-being that would result from a $10 billion reduction in taxes on capital income, accompanied by a $10 billion increase in taxes on labor income.
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A 10 billion reduction in taxes on capital income will ...View the full answer
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Related Book For 
Public Finance A Contemporary Application of Theory to Policy
ISBN: 978-1285173955
11th edition
Authors: David N Hyman
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