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Suppose that gifts were taxed at a rate of 10% for amounts up to $100,000 and 20% for

Principles of Economics | 1st Edition | ISBN: 9781938168239 | Authors: Steven A. Greenlaw, Timothy Taylor ISBN: 9781938168239 470

Solution for problem 4 Chapter 30

Principles of Economics | 1st Edition

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Principles of Economics | 1st Edition | ISBN: 9781938168239 | Authors: Steven A. Greenlaw, Timothy Taylor

Principles of Economics | 1st Edition

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Problem 4

Suppose that gifts were taxed at a rate of 10% for amounts up to $100,000 and 20% for anything over that amount. Would this tax be regressive or progressive?

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Chapter 30, Problem 4 is Solved
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Textbook: Principles of Economics
Edition: 1
Author: Steven A. Greenlaw, Timothy Taylor
ISBN: 9781938168239

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Suppose that gifts were taxed at a rate of 10% for amounts up to $100,000 and 20% for

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