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A report by the Australian government recommended changes to income taxt rates. These tables present simplified versions of tax rates under the current and recommended
A report by the Australian government recommended changes to income taxt rates. These tables present simplified versions of tax rates under the current and recommended systems. Using the ''tax equivalence relations'' (for example capital (TK) and labor (TL) is equivalant to an income tax (T)), assess whether this tax change increases or decreases progressiveness. In your calculations use the income levels of $30.000 and $100.000.
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