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evaluate the following two hypothetical tax systems in terms of simplicity, vertical and horizontal fairness, and efficiency. In addition, discuss who would be losers and
evaluate the following two hypothetical tax systems in terms of simplicity, vertical and horizontal fairness, and efficiency. In addition, discuss who would be losers and winners under each tax system.
1. A national 10% tax on all wage, business, and investment (including capital gains) income.
2. A national sale tax of 10% on all purchases of goods and services.
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