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Suppose a special tax was introduced that used the value

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Suppose a special tax was introduced that used the value of one's automobile as the tax base. Each person would pay taxes equal to 10 percent of the value of his or her car. Would the tax be proportional, regressive, or progressive? What assumptions do you make in answering this question? What distortions do you think would appear in the economy if such a tax were introduced?;100 word min/200 word max

 

Paper#29364 | Written in 18-Jul-2015

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