A _____ tax takes a fixed percentage of income,regardless of the level of income.

Question

Quizplus · Accepted Answer

A proportional tax, also known as a flat tax, takes a fixed percentage of income regardless of the level of income. For example, if the tax rate is 10%, someone who earns $50,000 would pay $5,000 in taxes, while someone who earns $100,000 would pay $10,000 in taxes. The tax rate is the same for everyone, regardless of their income level.

A _____ Tax Takes a Fixed Percentage of Income,regardless of the Level