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(Solved): A carbon tax and a payroll tax both generate tax revenue but the former creates a welfare gain an ...



“A carbon tax and a payroll tax both generate tax revenue but the former creates a welfare gain and the latter creates a welfare loss.” Using diagrams, explain and elaborate on this statement. (draw the graphs on a piece of PAPER so I can see it clearly please)



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Introduction:In the modern world most of the countries leavy carbon tax and payroll tax with a primary intention to generate tax revenue. Explanation:
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