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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 3
Suppose fairness is defined as those with the highest incomes can afford to pay a greater proportion of their income in taxes. Then which of the following taxation systems would be consistent with this notion of fairness?
A) A true flat tax.
B) A flat sales tax on consumption purchases.
C) A progressive tax on income.
D) A fixed federal tax of $5,000 that everyone pays regardless of income status.
A) A true flat tax.
B) A flat sales tax on consumption purchases.
C) A progressive tax on income.
D) A fixed federal tax of $5,000 that everyone pays regardless of income status.
Explanation
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A flat rate or the proportional tax is a...
Economics for Today 9th Edition by Irvin Tucker
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