The mythical country of Traviola imposes a tax based on the number of gold Tokens each taxpayer owns at the end of each year per the following schedule:
?
$$\begin{array} { c c }
\hline \text { Number of Tokens } & \text { Tax } \
\hline 0 - 200 & \$ 100 + \$ 5 \text { per Token } \
201 - 500 & \$ 1,000 + \$ 6 \text { per Token } \
500 & \$ 4,000 + \$ 7 \text { per Token } \
\hline
\end{array}$$
Traviola's Token tax is a

Question

The mythical country of Traviola imposes a tax based on the number of gold Tokens each taxpayer owns at the end of each year per the following schedule:
?
$$\begin{array} { c c } 
\hline \text { Number of Tokens } & \text { Tax } \
\hline 0 - 200 & \$ 100 + \$ 5 \text { per Token } \
201 - 500 & \$ 1,000 + \$ 6 \text { per Token } \
> 500 & \$ 4,000 + \$ 7 \text { per Token } \
\hline
\end{array}$$
 Traviola's Token tax is a

Quizplus · Accepted Answer

The tax is based on the number of gold Tokens each taxpayer owns, which means that the more tokens someone has, the more tax they will pay. This makes it a progressive tax, as the tax rate increases as the taxpayer's wealth increases. A proportional tax would have a constant tax rate regardless of income, a regressive tax would have a higher tax rate for lower-income taxpayers, and a value-added tax is a tax on the value added at each stage of production or sale.

The Mythical Country of Traviola Imposes a Tax Based on the Number