Question 341731
2000-.03*3000=2000-60=1940 year 1
1940-.03*1940=1940-58.20=1881.40 year 2
1881.40-.03*1881.40=1881.40-56.45=1824.95 year 3
1824.95-.03*1824.95=1824.95-54.74=1770.20
(2000-1770.20)/2000=229.80/2000=.1149 or 11.49% reduction in taxes.
Politicians always s t r e t c h the facts.