Lecture note Public finance (10th Edition) - Chapter 17: The personal income tax
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In this chapter, the following content will be discussed: Distinguish primary from secondary income distribution, understand the redistributive impact of the budget on secondary income distribution, explain the calculation of a Gini coefficient, identify the excess burden of a subsidy, show how a subsidy could be welfare-enhancing if there are positive externalities associated with consumption of certain goods (e.g. Food for the poor),...
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