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Congress would like to increase tax revenues by 16 percent. Assume that the average taxpayer in the United States earns $51,000 and pays an average

Congress would like to increase tax revenues by 16 percent. Assume that the average taxpayer in the United States earns $51,000 and pays an average tax rate of 30 percent.

a. If the income effect is in effect for all taxpayers, what average tax rate will result in a 16 percent increase in tax revenues? (Round your answer to 2 decimal places.)

AVERAGE TAX RATE = ???

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