Question
Given the following tax structure, Taxpayer Salary Total Tax Mae $ 26,000 $ 1,430 Pedro $ 32,000 ??? a. What is the minimum tax that
Given the following tax structure,
| Taxpayer | Salary | Total Tax | ||
| Mae | $ | 26,000 | $ | 1,430 |
| Pedro | $ | 32,000 | ??? | |
|
| ||||
a. What is the minimum tax that Pedro should pay to make the tax structure vertically equitable with respect to the amount of tax paid?
b. This would result in what type of tax rate structure?
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Securitisation Derivatives A Practioner's Handbook
Authors: Mark Aarons, Vlad Ender, Andrew Wilkinson
1st Edition
1119532272, 978-1119532279
