Which would you expect to be less efficient, a flat tax on all income or a property

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Which would you expect to be less efficient, a flat tax on all income or a property tax (charged based on the assessed value of real estate)? Explain why, in terms of both deadweight loss and administrative costs.

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Nov 27, 2015 02:29 AM

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Which would you expect to be less efficient, a flat tax on all income or a property

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Implementing a flat tax on income entails less admini...View the full answer

Microeconomics

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