15. We should impose a 20 percent luxury tax on expensive automobiles (those with a sales price...
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15. “We should impose a 20 percent luxury tax on expensive automobiles (those with a sales price of $50,000 or more) in order to collect more tax revenue from the wealthy.” Will the burden of the proposed tax fall primarily on the wealthy? Why or why not?
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Microeconomics Private And Public Choice
ISBN: 9780538754330
13th Edition
Authors: James D. Gwartney
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