Solved

A Country Redesigned Its Tax Policy So That the Amount

Question 43

Multiple Choice

A country redesigned its tax policy so that the amount of taxes an individual paid was based on his or her earnings, with those earning more paying more in taxes. For example, an individual who makes $20,000 a year pays 3 percent in taxes, while an individual who makes $100,000 a year pays 3 percent on the first $20,000 and an additional 10 percent on the remaining $80,000. This is called


A) liberal taxation.
B) regressive taxation.
C) conservative taxation.
D) progressive taxation.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents