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    mixacct401's Avatar
    mixacct401 Posts: 1, Reputation: 1
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    #1

    Jul 5, 2012, 05:18 PM
    Tax increase
    If Congress increases the income tax rate such that Song’s average tax rate increases from 25 percent to 30 percent, how much more income tax will she pay assuming that the income effect is descriptive?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jul 9, 2012, 08:25 AM
    This looks like a homework question, which, under the policy restrictions of the website, I CANNOT answer.

    Sorry!
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