Multiple Choice
Suppose a Miller equilibrium exists with a corporate tax rate of 30% and a personal tax rate on income from bonds of 35%. What is the personal tax rate on income from stocks?
A) 0.0%
B) 7.1%
C) 10.05%
D) 45.5%
E) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
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