If taxes are already high,the lower the marginal excess burden of any additional taxes will be.
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Q39: Consider that you are a government economist
Q40: Earmarked taxes _.
A)are taxes whose revenues are
Q41: What makes a tax "efficient"? Describe the
Q42: As long as there is some substitution
Q43: Suppose a supplier of a good has
Q45: List four costs of taxation (above the
Q46: What is the deadweight loss of taxation?
Q47: While taxing inelastic goods minimizes social costs
Q48: Suppose automobile salesmen are required to pay
Q49: Social Security is an earmarked tax.
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