1.3. Because the structure of the personal income tax is progressive, a larger share of income is...
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1.3. Because the structure of the personal income tax is progressive, a larger share of income is taxed at higher rates as income grows. Therefore, economic growth automatically results in higher taxes unless offsetting legislative action is taken. Do you think this is an attractive feature of the current tax system?
Why or why not?
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Related Book For
Microeconomics Private And Public Choice
ISBN: 9780538754330
13th Edition
Authors: James D. Gwartney
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