The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2

-At each point on the line of income equality, the percentage of total population and the percentage of total income are equal.

Question

The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2
 
-At each point on the line of income equality, the percentage of total population and the percentage of total income are equal.

Quizplus · Accepted Answer

The statement is known as the "principle of equal sacrifice" and it implies that everyone should contribute an equal proportion of their income to taxes. At each point on the line of income equality, the percentage of total population and the percentage of total income are equal, meaning that everyone is contributing proportionally to their income level. Therefore, the statement is true.

The Table Given Below Shows the Absolute Tax Amounts Under