A progressive tax is one:
A) where the rate charged on a particular level of income increases each year.
B) that supports economic progress by giving tax relief to high growth areas of the economy.
C) that is moved from state to state so that no one group is unfairly burdened with its payment.
D) where there is a direct relationship between the percentage of income taxed and the size of the income.
Correct Answer:
Verified
Q19: The majority of federal revenues comes from:
A)
Q20: The main source of revenue for the
Q21: On which of the following has the
Q22: Since 1985 individual income taxes and corporate
Q23: State and local government revenues:
A) are roughly
Q25: For which of the following taxes is
Q26: A tax where the percentage of income
Q27: A regressive tax is:
A) unconstitutional.
B) based on
Q28: A personal income tax that takes 5%
Q29: A regressive tax results in lower income
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