Table 3.3
$$\begin{array}{l}
\text { Table } 3.3\
\begin{array} { | l | r | r | r | r | }
\hline \text { Taxable income } & \$ 1,000 & \$ 3,000 & \$ 9,000 & \$ 27,000 \
\hline \text { Taxes } & \$ 100 & \$ 200 & \$ 400 & \$ 800 \
\hline
\end{array}
\end{array}$$
-The table below shows taxes paid for various incomes. According to the information in the table below, the tax system is _____

Question

Table 3.3
 $$\begin{array}{l}
\text { Table } 3.3\
\begin{array} { | l | r | r | r | r | } 
\hline \text { Taxable income } & \$ 1,000 & \$ 3,000 & \$ 9,000 & \$ 27,000 \
\hline \text { Taxes } & \$ 100 & \$ 200 & \$ 400 & \$ 800 \
\hline
\end{array}
\end{array}$$
-The table below shows taxes paid for various incomes. According to the information in the table below, the tax system is _____

Quizplus · Accepted Answer

The tax system is regressive at all levels of income because as income increases, the tax rate decreases. For example, the tax rate for $1,000 income is 10% ($100/$1,000), for $3,000 income is 6.67% ($200/$3,000), for $9,000 income is 4.44% ($400/$9,000), and for $27,000 income is 2.96% ($800/$27,000).

Table 33 -The Table Below Shows Taxes Paid for Various Incomes