Los Angeles Valley College Tax Incidence Discussion
Description
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6:29
Expert Q&A
Done
10/14/21, 12:36 PM
The Tax Game
Tax Information
Tax Information
Your Marginal Your Average
Income Tax Income Tax
Your Total
Tax Incidence
Top 1%
40.0%
29.7%
38.4%
Top 20%
25.0%
18.7%
27.5%
Upper Middle
20%
20.0%
13.8%
24.8%
Top 1%
Over $400,000
Top 20%
$125,000 – $399,999
Upper Middle 20%
$75,000 – $124,999
Middle 20%
$45.000 – $74,999
Middle 20%
$45,000 – $74,999
Bottom 20%
Under $24,999
Middle 20%
16.0%
10.8%
21.0%
Lower Middle
20%
13.0%
9.1%
19.0%
Bottom 20%
10.0%
6.5%
16.2%
$1,000
Revenue
Dependent Deduction
Home Deduction
1 Houses
Gini Cocfficient
$4,409 Billion
0.38
You have a
“Progressive” tax.
Tax Type
7,0%
Payroll Tax
Threshold Level
$500.000
Sales Tax
5.0%
Property Tax
1.5%
Corporation Tax
15.0%
Tobacco
$5.00
Alcohol
$0.40
Gasoline
$0.20
Wealth Tax
0.00%
econ.glendale.edu/print.php
1/1
a) For each of the taxes, explain the choice you
made for the tax rates. Please make certain that
you explain each number that you chose.
b) How did each tax affect your desire for a
progressive or regressive tax incidence?
Purchase answer to see full
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Tags:
business and finance
Financial Management
accounting
Economy
taxation
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