A consumption tax with an exemption for the first $20,000 of family consumption and a constant tax rate beyond that would be
A) a proportional tax.
B) a regressive tax.
C) a progressive tax at low incomes and a regressive tax at high incomes.
D) a progressive tax.
Correct Answer:
Verified
Q106: The main source of receipts for the
Q107: The largest source of receipts for the
Q108: The choice between a proportional,progressive or regressive
Q109: A flat tax with an exemption for
Q110: How do public goods differ from a
Q112: A national sales tax with a constant
Q113: In Canada,proponents of a flat tax system
Q114: The distribution of tax burdens among various
Q115: Income is taxed twice with respect to
A)corporate
Q116: Some economists argue for a _ tax
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents