During the 1980s the us cingress imposed a high sales tax, Ask an Expert

Economics

During the 1980s, the US Cingress imposed a high sales tax on yachts, figuring that the rich could afford to pay for this luxury. But so many jobs were lost in the boat-building industry that the measure was finally repealed. What did Congress get wrong in imposing this tax?

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International Economics, Economics

Category:- International Economics
Reference No.:- M9500391

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