Question
a. What is the relative tax advantage of corporate debt if the corporate tax rate is Tc = .39, the personal tax rate is Tp
a. What is the relative tax advantage of corporate debt if the corporate tax rate is Tc = .39, the personal tax rate is Tp = .15, but all equity income is received as capital gains and escapes tax entirely (TpE = 0)? (Round your answer to 2 decimal places.)
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The Cold Start Problem
Authors: Andrew Chen
1st Edition
0062969749, 978-0062969743
