Simulations for Teaching Economics
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Wealth Tax Commission
Interactive site to visualise the effects of wealth taxes in the UK. The reader can design their own wealth tax schedule, either for an annual or one-off tax, and see the resulting average tax rate plotted by absolute wealth or percentile wealth. Users can put in details of their own wealth, income, and expenditure, and see the results of the chosen tax schedule and see how much they would have to pay. The site calculates the income tax or VAT increase that would generate the same revenue as the proposed wealth tax.
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