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Thank you for your help! value: 5.00 point:s Congress would like to increase tax revenues by 8.5 percent. Assume that the average taxpayer in the
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value: 5.00 point:s Congress would like to increase tax revenues by 8.5 percent. Assume that the average taxpayer in the United States earns $59,000 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 8.5 percent increase in tax revenues? (Round your answer to 2 decimal places.) 1% verage tax rate This is a numeric cell, so please enter numbers only. b. This is an example of what type of forecasting? Dynamic StaticStep by Step Solution
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