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A sales tax is an example of a regressive tax. Imagine your state sales tax is 5% 4. Your taxable income is $7,500 and you
A sales tax is an example of a regressive tax. Imagine your state sales tax is 5% 4. Your taxable income is $7,500 and you pay $4,000 in taxable goods. a. How much would you pay in sales tax each year? b. What percentage of your taxable income would you pay in taxable goods
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
