A tax that takes a _______ is _.
A.fixed percentage of income regardless of the taxpayer's level of income; proportional
B.fixed percentage of income regardless of the taxpayer's level of income; a benefits tax
C.a smaller share of the income of high-income taxpayers than of low-income taxpayers; progressive
D.larger share of the income of high-income taxpayers than of low-income taxpayers; regressive
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q163: In analyzing the impact of a progressive
Q165: If the marginal tax rate equals the
Q166: Taxes paid on the purchase of most
Q167: The percentage of an increase in a
Q168: If the marginal tax rate is greater
Q169: Paying a tax of $20 on an
Q171: In 2008, the Social Security tax was
Q172: Paying a tax of $15 on an
Q173: A regressive tax is one that takes
Q175: If the marginal tax rate is less
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