A person whose income has increased from $10,000 to $20,000 finds that her federal marginal tax rate has increased from 18 percent to 22 percent. This is an example of a
A) regressive tax.
B) progressive tax.
C) proportional tax.
D) fair tax.
Correct Answer:
Verified
Q237: Q238: Which of the following statements about state Q239: If your income increases from $10,000 per Q240: Q241: When Supreme Court Justice Oliver Wendell Holmes Q243: A federal excise tax on tires for Q244: A tax is regressive if it Q245: The tax revenues of local governments are Q246: The benefits-received principle of taxation is Q247: With a proportional tax, higher-income persons will![]()
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A)takes a
A)the basis
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