A regressive tax means that if someone earning $25,000 pays $5,000, someone earning $50,000 must pay
A) less than $5,000.
B) less than $10,000.
C) more than $10,000 but less than $15,000.
D) more than $15,000 but less than $20,000.
Correct Answer:
Verified
Q244: A tax is regressive if it
A)takes a
Q245: The tax revenues of local governments are
Q246: The benefits-received principle of taxation is
A)the basis
Q247: With a proportional tax, higher-income persons will
Q248: A tax structure is called progressive when
A)the
Q250: If everyone pays a fixed dollar amount
Q251: Most of the state and local government
Q252: If a tax is progressive, then
A)the average
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