1) (30 points)Suppose Congress enacts a tax reform raising the top income tax bracket from35% to 40%. Consider a hypothetical household with a home mortgage of $1M andenough taxable income to be in the top bracket. Assume the annual interest paidon the mortgage is 5% of its face value.

    假设ZF制定一项税制改革: 增加高纳税等级人士35%稅到40%。 假設一個家庭有$1百萬的住房抵押和足够的收入 稱爲之高纳税等级人士. 假设每年利息抵押是面值的5%

       a) What is theannual dollar value to the household of the home mortgage interest deductionbefore and after the tax reform?

   求出在税制改革之前和之后的，每年以美元作价的家庭的住房抵押的利息扣除

       b) Do you thinkthis increase in the top rate would lead such a household to increase ordecrease their housing consumption? Why?

    你认为给予这些人士增税会导致这些家庭增加货减少他们的住房消费吗？为什么？

       c) Suppose thatthe tax code were changed so that households could also deduct annual rent paidto landlords from their taxes. How might this affect the consumption of owneroccupied housing?

    假设税法被改变，因此家庭可以从每年租金扣除税收。 这个措施如何影响房主的住房？

求解