-Which of the following currently helps redistribute income in Australia? i. Negative income tax
Ii) Progressive income taxes
Iii) Pensions and benefits

Question

Quizplus · Accepted Answer

Progressive income taxes and pensions and benefits are mechanisms used in Australia to help redistribute income. Progressive taxes increase as income increases, which helps to redistribute wealth from higher earners to lower earners. Pensions and benefits provide financial support to those in need, such as the elderly, unemployed, and disabled, further aiding in income redistribution. Negative income tax is not currently implemented in Australia.

-Which of the Following Currently Helps Redistribute Income in Australia