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Business, 19.06.2020 03:57 kactus

What is the true income tax rate on interest income if the nominal interest rate is 8 percent a year, the inflation rate is 5 percent a year, and the tax rate on nominal interest is 25 percent? The true income tax rate is nothing percent.

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What is the true income tax rate on interest income if the nominal interest rate is 8 percent a year...
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