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Song earns $100,000 taxable income as an interior designer and is taxed at an average rate of 20% (i.e., $20,000 of tax). If Congress increases
Song earns $100,000 taxable income as an interior designer and is taxed at an average rate of 20% (i.e., $20,000 of tax). If Congress increases the income tax rate such that Song's average tax rate increases from 20% to 25%, how much more income tax will she pay assuming that the income effect is descriptive
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