=+b. What would tax revenue be at a 0% income tax rate?

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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Question Posted: Oct 02, 2024 05:00 AM

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=+b. What would tax revenue be at a 0% income tax rate?
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=+a. Which is the independent variable? Which is the dependent variable? On which axis do you therefore measure the income tax rate? On which axis do you measure income tax revenue?
=+c. The maximum possible income tax rate is 100%. What would tax revenue be at a 100% income tax rate?
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=+b. What would tax revenue be at a 0% income tax rate?

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Economics

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