just use these data for write, u can use essay format to answer all the question or answering every question1)Background:2)Policy evaluation.In this section, draw on Statistics CanadaΓ’ΒΒs public tables to cover the following:Who are the top 1%?Top income cut-off, average income, share of income from labour & how much tax they paySex and ageProvince/LocationCompared to the bottom 50th percentile of tax filers, how has the income share and effective tax rate of the top 1% evolved over the data period?By province, how has the income share and effective tax rate of the province-specific top 1% evolved over time?Consider the following proposal to increase the top marginal tax rate on the top (province-specific) 1%:Cover the following issues (by province) with this proposal (Assume a constant ETI of 0.664):What is the net revenue effect (by province) of this proposal? Comment on any noticeable provincial differences.How much of the mechanical revenue gain disappears because of a behavioural effect?What are the revenue and mechanical effects per tax filer?Why is the elasticity of taxable income important?What might explain these differencesThink about skewness & revenue gain share of the mechanica
l effectWhat is the marginal cost of public funds?Explain and calculate the optimal province-specific top 1% marginal tax rate. How far off is it from the fictitious +5 marginal tax rate?Assuming no income shifting, what is the size of the vertical fiscal externality?What are the progressivity implications of this proposal?there is no requirement with the page and words, u just need to answer the question, use the data. its is policy brief.The question one you will need (tax 7) page 3. The question 2 u need use some formula form tax 45 6I spend time to calculate the data for the question 2. u can use this data to work on the question 2. i think if u can use this data Convert to chart is best and add to the assignment. The document is attached So u just need ppt (tax 7Γ―ΒΌΒ page3 there have link that u can use these data to work on the question 1, and use this excel to work on the question 2This is first question u can use tax7 ppt Page 3 provide link use that data to work on the it, and the second u can use that excel,U donΒt need to do calculation, just use these data to write, u can use essay format to answer all the question or answering every questionYou just need the data to be accurate.