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If the income effect is in effect for all taxpayers what

Question - Congress would like to increase tax revenues by 11.5 percent. Assume that the average taxpayer in the United States earns $62,000 and pays an average tax rate of 10 percent.

If the income effect is in effect for all taxpayers, what average tax rate will result in a 11.5 percent increase in tax revenues?

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Accounting Basics: If the income effect is in effect for all taxpayers what

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