A tax is regressive if it takes a smaller fraction of income as income rises.
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Q6: Because the distribution of income in the
Q7: Most economists argue that when federal, state,
Q8: Economists generally agree that sales, property, and
Q9: The federal corporate income tax is essentially
Q10: The Social Security tax has both proportional
Q12: Under a progressive tax, the average tax
Q13: Under a regressive tax, the marginal tax
Q14: The ability-to-pay principle is founded on the
Q15: The personal income tax and corporate income
Q16: For the federal government, corporate income taxes
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