Suppose a high-income person, a middle-income person, and a low-income person purchase identical houses that financed by similar mortgages. Who gets the largest tax benefit? They all pay the same tax rate. O the low-income person the high-income person O the middle-income person

Suppose a high-income person, a middle-income person, and a low-income person purchase identical houses that financed by similar mortgages. Who gets the largest tax benefit? They all pay the same tax rate. O the low-income person the high-income person O the middle-income person

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Design Of The Tax System

Section: Chapter Questions

Problem 2PA

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Suppose a high-income person, a middle-income person, and a low-income person purchase identical houses that
financed by similar mortgages. Who gets the largest tax benefit?
They all pay the same tax rate.
O the low-income person
the high-income person
O the middle-income person

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