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Can someone help me with this question? 8. Taxpayer 1 has $100,000 of taxable income from wages and pays an ordinary tax rate of 35%.
Can someone help me with this question?
8. Taxpayer 1 has $100,000 of taxable income from wages and pays an ordinary tax rate of 35%. Taxpayer 2 has $100,000 of taxable income from long-term capital gains and pays a tax rate of 15%. This example illustrates a violation of: a. horizontal equity b. vertical equityStep by Step Solution
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