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Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691 Exercise 5
Suppose you were to design a negative income tax system for the United States. Pick a guaranteed income level and a tax rate that seem reasonable to you. What break-even level of income is implied by these choices Construct a version of Table 4 for the plan you have just devised.
Explanation
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One would pick a guaranteed income of $1...
Economics 12th Edition by William Baumol, Alan S Blinder
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