samdoesmath3606 samdoesmath3606

04-05-2022
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Suppose that income tax revenues are maximized at an average (income) tax rate of 45 percent. If the Laffer curve is a correct diagrammatic representation of the relationship between tax rates and tax revenue, it follows that a tax rate of

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okikiolu3 okikiolu3

05-05-2022

Answer:

-35 percent will reduce tax revenues.

-48 percent will reduce tax revenues.

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