Public Budgeting - Relative Tax Burden
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What does it mean when there is a relative tax burden?
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Solution Summary
This solution explains what it means to have a relative tax burden. The reasons for a relative tax burden are also discussed, including the implications of a relative tax burden.
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Relative tax burdens are the total amount of federal income taxes that are paid by each person in their respective group based on adjusted gross income. Each taxpayer is categorized according to adjusted gross income, and the taxpayer's total tax is then calculated respective to their income. The relative tax burden is what ...
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