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Sandy

The rate at which the efficiency of the economy decreases yearly (percentage wise)

Sequoia:

median tax rate is 14.5% and the yearly tax bill is about $91. .... For lower tax rates, the estimated efficiency loss decreases. accordingly. ...
papers.ssrn.com/sol3/Delivery.cfm/nber_W7281.pdf?abstractid=198988&mirid=1 -

Jack:

WTF?

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