The State of Mississippi imposes a 7% sales tax on most goods and services transacted within the State. Analyze whether or not this sales tax structure satisfies the efficiency principle of taxation.
The State of Mississippi imposes a 7% sales tax on most goods and services transacted within the State. Analyze whether or not this sales tax structure satisfies the efficiency principle of taxation.
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Design Of The Tax System
Section: Chapter Questions
Problem 5CQQ
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