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Congress would like to increase tax revenues by 6.5 percent. Assume that the average taxpayer...

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Accounting

Congress would like to increase tax revenues by 6.5 percent. Assume that the average taxpayer in the United States earns $44,000 and pays an average tax rate of 20 percent. a. If the income effect is in effect for all taxpayers, what average tax rate will result in a 6.5 percent increase in tax revenues? (Round your answer to 2 decimal places.)

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