Use a simulatiom to

study the impact of taxes. for practice please go to econ.glendale.edu/index.php

Play the tax game, choose one tax of interest to you. Make a decision about the rates for that tax. Discuss and explain why you chose thoae rates.

here is the photo of the tax game i played and the results. aits asking me to choose a tax interest of mine and write a discuasion and explaon why i chose the rates.

Your Marginal Income Tax Your Average Income Tax Your Total Tax Incidence 35.0% 27.5% Top 1% Top 20% Upper Middle 20% 35.5% 30.0% 20.0% 15.0% 20.7% 13.2% 10.0% 28.9% Middle 20% Lower Middle 20% 10.0% 8.2% 24.4% Bottom 20% 10.0% 6.5% Top 1% Over $400,000 Top 20% $125,000 - $399,999 Upper Middle 20% $75,000 - $124,999 Middle 20% $45,000 - $74,999 Lower Middle 20% $25,000 - $44,999 Bottom 20% Under $24,999 20.6% Dependent Deduction Home Deduction $1,000 1 House 18.7% 16.9% 8.0% Payroll Tax Threshold Level $100,000 Revenue Gini Coefficient $4,577 Billion 0.38 Sales Tax 5.0% You have a "Progressive" tax. Property Tax 1.0% Corporation Tax 12.0% Tobacco Alcohol $4.00 $0.50 $1.00 Gasoline Wealth Tax 0.50% Your Marginal Income Tax Your Average Income Tax Your Total Tax Incidence 35.0% 27.5% Top 1% Top 20% Upper Middle 20% 35.5% 30.0% 20.0% 15.0% 20.7% 13.2% 10.0% 28.9% Middle 20% Lower Middle 20% 10.0% 8.2% 24.4% Bottom 20% 10.0% 6.5% Top 1% Over $400,000 Top 20% $125,000 - $399,999 Upper Middle 20% $75,000 - $124,999 Middle 20% $45,000 - $74,999 Lower Middle 20% $25,000 - $44,999 Bottom 20% Under $24,999 20.6% Dependent Deduction Home Deduction $1,000 1 House 18.7% 16.9% 8.0% Payroll Tax Threshold Level $100,000 Revenue Gini Coefficient $4,577 Billion 0.38 Sales Tax 5.0% You have a "Progressive" tax. Property Tax 1.0% Corporation Tax 12.0% Tobacco Alcohol $4.00 $0.50 $1.00 Gasoline Wealth Tax 0.50%