Exhibit 12-3 Income for Two Persons

Exhibit 12-3 Income for two persons

In Exhibit 12-3, if the income tax system is currently proportional, we know that:

A) Meredith would probably prefer a progressive income tax system while Hillary would probably prefer a regressive income tax system.
B) Meredith and Hillary would both probably prefer a regressive income tax system.
C) Meredith and Hillary would both probably prefer a progressive income tax system.
D) Meredith would probably prefer a regressive income tax system while Hillary would probably prefer a progressive income tax system.