=+ and t are parameters of the tax code. The parameter t is the marginal tax rate:

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=+− and t are parameters of the tax code.

The parameter t is the marginal tax rate: if income rises by $1, taxes rise by t × $1.

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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Question Posted: Sep 30, 2024 03:00 AM

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=+ and t are parameters of the tax code. The parameter t is the marginal tax rate:

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Macroeconomics

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