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

-The "Robin Hood" tax policy, which taxes the rich to give to the poor, is best described by economists as:

Question

The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2
 
-The "Robin Hood" tax policy, which taxes the rich to give to the poor, is best described by economists as:

Quizplus · Accepted Answer

The Robin Hood tax policy, which involves taking more taxes from the rich to give to the poor, is a type of progressive tax policy. This policy is designed to reduce income inequality by taking more from those who can afford it and redistributing it to those who are in greater need.

The Table Given Below Shows the Absolute Tax Amounts Under