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miv72 [106K]
2 years ago
7

Suppose that income tax revenues are maximized at an average (income) tax rate of 45 percent. If the Laffer curve is a correct d

iagrammatic representation of the relationship between tax rates and tax revenue, it follows that a tax rate of
Business
1 answer:
galina1969 [7]2 years ago
3 0

Answer:

-35 percent will reduce tax revenues.

-48 percent will reduce tax revenues.

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1 year ago
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