Statement I: Compared to citizens of other leading industrial countries,Americans are overtaxed.
Statement II: We could make the payroll tax less regressive by raising the wage-base limitation to $200,000.

Question

Quizplus · Accepted Answer

Statement I is false because, in comparison to citizens of other leading industrial countries, Americans are generally taxed at lower rates. Statement II is true because raising the wage-base limitation for payroll taxes would indeed make the tax less regressive by subjecting higher incomes to payroll taxes, thereby spreading the tax burden more evenly across different income levels.

Statement I: Compared to Citizens of Other Leading Industrial Countries,Americans