Business, 23.12.2019 22:31 josuemartinez1030

Acity government imposes a proportional income tax on all people who earn income within its city limits. in 2004, the city's income tax rate was 0.050.05 (55 percent), and it collected $20.0020.00 million in income taxes. in 2005, it raised the income tax rate to 0.060.06 (66 percent), and its income tax collections declined to $19.2019.20 million. what happened to the city's income tax base between 2004 and 2005?

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Acity government imposes a proportional income tax on all people who earn income within its city lim...