An income tax is regressive if
A) lower-income households pay a larger share of their income in taxes than higher-income households.
B) most of the tax revenue is used to benefit lower-income households.
C) higher-income households pay a larger share of their income in taxes than lower-income households.
D) most of the tax revenue is used to benefit higher-income households.
Correct Answer:
Verified
Q30: People tend to earn higher incomes as
Q31: Compared to 1981,the year Ronald Reagan took
Q32: Suppose an income tax is imposed that
Q33: An income tax is progressive if
A) lower-income
Q34: Discrimination in the workplace results when
A) people
Q36: In the United States,some groups have higher
Q37: In the United States,people who earn more
Q38: A sales tax is usually considered to
Q39: Under the current federal income tax laws,a
Q40: The top quintile of income earners would
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents