1. Play the Tax Game available ouline at h :ffecon. endale.edufinderr. h It is a simulation in which you are the tart dictator for a mythical country. You must collect enough revenuehut not too muchfor your government by adjusting a number of different tax rates, caps and deductions. When you collected sufficient revenue, the game wl tell you the tan incidence. That is the impact of your tart choices on different income groups ranging from the bottom 213% to re top 1%. And, the program wl estimate your Gini coeffident. You will he asked to readjust you tax choices so that you are satised with your tax incidence. There is no correct answer to the game; each of you will differ in your political perspective and how you choose your tax rates. However, I will ask you to justify each of your tax choices as well as the overall tax incidence. Along with a print out of your nal outcome and choices, answer the following. a. For each of the tones, explain the choice you made for re tart rates. If relevant, also explain any choices you made for deductions or caps. In other words, why did you choose each number you entered in the simulation. In justifying your choices, please refer to the progressive or regressive impact of each of these taxes. h. Identify the tax choice that had the most progressive effect on your overall outcome. Why did it have such a progressive effect? c. Identify the tart choice that had the most regressive effect on your overall outcome. Why did it have such a regressive effect? d. Explain carefully why you are pleased with the |Gini coefcient for your country. How does it differ from the Gini coefficient for the US