One-Time Tax and Tax Revenue

Question # 00604282 Posted By: katetutor Updated on: 10/14/2017 12:41 PM Due on: 10/14/2017
Subject Accounting Topic Accounting Tutorials:
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One-Time Tax and Tax Revenue 

Real estate magnate Donald Trump once proposed a one-time tax of 14.25 percent on the net wealth of every American with more than $10 million. Would this be an efficient way to raise tax revenue? Why or why not?

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