6. LO 4 Show that the consumer is better off with a lump-sum tax rather than a...
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6. LO 4 Show that the consumer is better off with a lump-sum tax rather than a proportional tax on wage income (as in question 3)
given that either tax yields the same revenue for the government.
You will need to use a diagram to show this. Hint: The consumption bundle the consumer chooses under the proportional tax must be just affordable given the lump-sum tax.
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