ABSTRACT
H yp
ot he
ti ca
l E
xa m
pl e
o fT
ax at
io n
o f
In cr
ea se
o fA
cc um
ul at
ed P
re se
nt V
al ue
T ax
T ax
a t
T ot
a t
a t
Y ea
54 .5
3 54
.5
.5
4. 75
37 .5
2. 5
37 .5
37 .5
2. 5
ar na
ut a
n d
n a n
d th
e T
ax in
fN at
ur al
l Qu
ne 1
