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Congress would like to increase tax revenues by 9 percent. Assume that the average taxpayer in the United States earns $44,000 and pays an average

Congress would like to increase tax revenues by 9 percent. Assume that the average taxpayer in the United States earns $44,000 and pays an average tax rate of 20 percent. Required: If the income effect is in effect for all taxpayers, what average tax rate percentage will result in a 9 percent increase in tax revenues? Note: Round your answer to 2 decimal places. This is an example of what type of forecasting?

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