=+c. A wage tax is called regressive if the average tax rate falls as earnings increase. On
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=+c. A wage tax is called regressive if the average tax rate falls as earnings increase. On a graph with weekly before-tax income on the horizontal axis and tax rates on the vertical, illustrate the marginal and average tax rates as income increases. Is this tax regressive?
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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