
-The table above shows three taxpayers, their incomes, and taxes owed. The data reflect a ________ income tax system because people pay ________.
A) proportional; the same proportion of their income as taxes regardless of their level of income.
B) regressive; a larger portion of their income as taxes as income increases
C) flat-rate; the same AMOUNT of taxes regardless of their income
D) progressive; a smaller portion of their income as taxes as income increases
E) negative; a smaller portion of their income as taxes as income increases
Correct Answer:
Verified
Q43: Suppose a government imposes the following tax
Q44: With a negative income tax that has
Q45: When the government redistributes income, one dollar
Q46: Which of the following characterises the negative
Q47: Looking at the results of government income
Q48: A regressive income tax is a tax
Q49: If you attended a public high school,
Q51: With a negative income tax that has
Q52: A household's income earned from the markets
Q53: Unemployment benefits
A) redistribute income.
B) are distributed by
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