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Not Just Balancing Budget Knowing that the price-distorting tax would be less efficient than lump-sum taxes, we still use such taxes in many situations. What

Not Just Balancing Budget

Knowing that the price-distorting tax would be less efficient than lump-sum taxes, we still use such taxes in many situations.

What would be some justifications in the case of income tax? List and explain at least two.

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