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QUESTION

Taxes on wealth are favored by those who want to increase the taxes paid by the rich. Is the incidence of a comprehensive wealth tax likely to be

Taxes on wealth are favored by those who want to increase the taxes paid by the rich. Is

the incidence of a comprehensive wealth tax likely to be progressive? Is the property

tax, as used in the United States, a comprehensive wealth tax? Evaluate the incidence and

effects on efficiency of the property tax in the United States.

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