Question
According to a U.S. inflation calculator (http://www.usinflationcalculator.com/), all of the adjusted gross incomes in question 1 are roughly equivalent when adjusted for inflation.Meaning, earning $80,000
- According to a U.S. inflation calculator (http://www.usinflationcalculator.com/), all of the adjusted gross incomes in question 1 are roughly equivalent when adjusted for inflation.Meaning, earning $80,000 in 2013 is roughly equivalent to earning $40,600 in 1988, which is roughly equivalent to earning $10,500 in 1963.
In which year was this level of income taxed proportionally the most?Explain your choice.
Why do we need to know that these incomes are all "roughly equivalent" when adjusting for inflation in order to answer part (a)?
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Local Consumption And Global Environmental Impacts Accounting, Trade-offs And Sustainability
Authors: Kuishuang Feng, Klaus Hubacek, Yang Yu
1st Edition
1317577272, 9781317577270
