home / study / business / accounting / accounting questions and answers / Congress Would Like To Increase Tax Revenues By 17 Percent. Assume That The Average Taxpayer ... Your question has been answered Let us know if you got a helpful answer. Rate this answer . Question: Congress would like to increase tax revenues by 17 percent. Assume that the average taxpayer in t... Congress would like to increase tax revenues by 17 percent. Assume that the average taxpayer in the United States earns $52,000 and pays an average tax rate of 20 percent. a. If the income effect is in effect for all taxpayers, what average tax rate will result in a 17 percent increase in tax revenues

a. If the income effect is in effect for all taxpayers, what average tax rate will result in a 17 percent increase in tax revenues