Solved: Efficient way to raise tax revenue, Accounting Basics

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Efficient way to raise tax revenue

Please assist with the given business-related problem.

Real estate magnate Donald Trump once proposed a one-time tax of 14.25 percent on the net wealth of every American with more than $10 million. Would this be an efficient way to raise tax revenue? Why or why not?

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Accounting Basics: Efficient way to raise tax revenue

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Accounting Basics: Efficient way to raise tax revenue

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