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Question 1 35 pts While the U.S. federal income tax system is designed to be progressive, tariffs on a variety of imported consumer goods are

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Question 1 35 pts While the U.S. federal income tax system is designed to be progressive, tariffs on a variety of imported consumer goods are shockingly regressive. Take forks, for example. A silver- plated fork has zero tariff, while a stainless-steel fork has a 15.8% tax. Or we can look at men's shirts. A silk shirt has a 0.9% tariff, while a similar cotton shirt gets hit with a 19.7% tax rate. Prefer polyester? It comes with a 32% tariff. Why would the government choose to tax these (and many other) ordinary consumer goods at such high rates? Thinking about the relationship between elasticity and tax revenue will be helpful here

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