In 1991 congress imposed a 10 percent excise tax on the, Ask an Expert

Economics

In 1991, Congress imposed a 10 percent excise tax on the portion of the retail price of certain items that exceeded the following: $35,000 for automobiles, $150,000 for yachts, and $20,000 for jewelry and furs. Evaluate theses taxes using the normative criteria of a good tax structure. In the answer you might think the taxes are shifted all the way forward to the consumers of these items.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92202472

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