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manonvsb manonvsb
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A year ago
A marginal tax rate of 47% on taxable income over $150 000 implies that

▸ the average tax rate is also 47%.

▸ an individual with this taxable income would pay $70 000 in income tax.

▸ the income tax payable on any dollar earned above $150 000 is 47 cents.

▸ the tax system is progressive.

▸ the tax system is horizontally equitable.
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Microeconomics

Microeconomics


Edition: 17th
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mkql12mkql12
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A year ago
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manonvsb Author
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A year ago
Thanks for your help!!
rudy.zondo
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Thank you, thank you, thank you!
cartoon
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This helped my grade so much Perfect
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