Bradley earns $150,000 a year.For the first $50,000 he earns,the tax rate is 10%.For the next $50,000 he earns,Bradley has to pay a tax rate of 8%,and for the last $50,000 he earns the tax rate is 5%.Based on this information,which of the following is correct?
A) The tax system is proportional
B) Bradley pays $25,000 in taxes each year
C) The tax system is progressive
D) The tax system is regressive
E) Bradley pays too much tax
Correct Answer:
Verified
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