Slide 1 Lectures in Macroeconomics- Charles W. Upton Wealth and Taxes- Calculations Slide 2 Some Assumptions PeriodWage Rate 10 2300,000 3630,000 40 r= 50% Slide 3 Wealth…
Slide 1 Lectures in Macroeconomics- Charles W. Upton Wealth and Taxes-The Constraint Slide 2 Assumptions People live four periods. Before-tax wage income of w 1, w 2, w 3,…