Business, 14.07.2021 04:50, lindsey0456

The real interest rate is 3 percent, the inflation rate is 2 percent, and the tax rate on nominal interest is 25 percent. What is the true income tax rate on interest income? Why does inflation increase the true tax rate on interest income?

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The real interest rate is 3 percent, the inflation rate is 2 percent, and the tax rate on nominal...