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Keywords: Capital markets
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Journal Articles
Journal Articles
Journal of Economic Studies (1990) 17 (6)
Published: 01 June 1990
... borrows. For a given tax burden, each individual is found to prefer a marginal tax rate of unity, with the threshold set as high as possible. With a common tax structure, the conditions under which all individuals prefer progression is examined. © MCB UP Limited 1990 Capital markets Economics...

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