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Suppose a special tax was introduced that used the value

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Subject: Economics
Due on: 08/29/2017
Posted On: 08/29/2017 05:11 AM

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Special Tax on Automobiles

Suppose a special tax was introduced that used the value of one's automobile as the tax base. Each person would pay taxes equal to 10 percent of the value of his or her car. Would the tax be proportional, progressive, or regressive? What assumptions do you make in answering this question? Do you think the tax that was imposed either efficient or equitable?

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Suppose a special tax was introduced that used the value

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