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Each of the following expenditures is a deduction for the purposes of calculating a person's federal income tax liability:a. Mortgage interestb. State and local taxesc. Charitable contributions
If the income tax base were broadened by eliminating these deductions, tax rates could be lowered, while raising the same amount of tax revenue.
For each of these deductions, what would you expect the likely effect on taxpayer behavior to be? Discuss the pros and cons of each deduction from the standpoint of efficiency, vertical equity, and horizontal equity. Would you keep or eliminate the deduction?
Find all of the Nash Equilibria of the one-shot version of this game and What is the minumum probability-weighted discount factor required to support the best cooperative out
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(a) If the family own no other assets than this house, what is the expected value of their asset? (b) If the family had $25,000 sitting in a FDIC insured savings account, wh
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A country with a relatively small + aggregate demand shock (a shift outward in the AD curve) may have a substantial economic boom, but sometimes countries that have massive
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