A tax that takes a larger proportion of income from low-income groups than from high-income groups is a
A) stabilizing tax.
B) regressive tax.
C) progressive tax.
D) proportional tax.
Correct Answer:
Verified
Q36: With respect to local finance,
A) death and
Q37: Taxes on commodities or on purchases are
Q38: An income tax is progressive if the
A)
Q39: Currently (2016) the marginal tax rates of
Q40: The average tax rate is
A) equal to
Q42: In 2013, U.S. governments (local, state, and
Q43: The sales tax is a regressive tax
Q44: Assume that you pay $10,000 of tax
Q45: Assume you pay a tax of $4,000
Q46: At the state and local levels of
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