Cngress would like to increase tax revenues by 65 percent , Ask an Expert

Accounting

Congress would like to increase tax revenues by 6.5 percent . Assume that the average taxpayer in the United States earns $57, 000 and pays an average tax rate of 20 percent. 1. If the income effect is in effect for all taxpayers, what average tax rate will result in a 6.5 percent increase in tax revenues? 2. This is an example of what type of forecasting? Static or Dynamic?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92006221

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