PRINC OF ECONOMICS W/ APLIA
7th Edition
ISBN: 9781305306295
Author: Mankiw
Publisher: CENGAGE L
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Question
Chapter 12, Problem 5CQQ
To determine
Contribution of top 1% of the income distribution in the federal taxes.
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- To reduce income inequality, should the marginal tax rates on the top 1 be increased?arrow_forwardWhat is the difference between a progressive tax, a proportional tax, and a regressive tax?arrow_forwardExcise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the same rate regardless of Income, why might this be so?arrow_forward
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