If Texas instituted a progressive income tax,
A) low-income Texans would pay a lower tax rate than wealthy Texans.
B) low-income Texans, collectively, would contribute less to the state budget than wealthy Texans would.
C) wealthy Texans would pay at a lower tax rate.
D) people with lower incomes would pay at a higher tax rate.
E) poor homeowners and renters would pay taxes at higher rates.
Correct Answer:
Verified
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