Consider a government that imposes a personal income tax.It is estimated that the tax will not affect

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Consider a government that imposes a personal income tax.It is estimated that the tax will not affect total labour supplied in the economy.Given this, the political party advocating for the tax argue that the tax acts as a non-distortionary, lump-sum tax, and as such imposes no excess burden.Is this a reasonable argument?

Posted Date: Jun 05, 2024 02:07 PM

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Consider a government that imposes a personal income tax.It is estimated that the tax will not affect

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