=+who earns $110 million; everyone else earns less than $100 million. The president proposes a tax cut
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=+who earns $110 million; everyone else earns less than $100 million. The president proposes a tax cut targeted at the very rich so that the new tax system would consist of a proportional tax of 10% on all income up to $100 million anda marginal tax rate of 0% (no tax) on income above $100 million. You are asked to evaluate this tax proposal.
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