=+(the official currency of Transylvania) earned each year are free of income tax. Any additional income is

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=+(the official currency of Transylvania) earned each year are free of income tax. Any additional income is taxed at a rate of 25%. In addition, every individual pays a social security tax, which is calculated as follows: all income up to 80,000 sylvers is taxed at an additional 20%, but there is no additional social security tax

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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