Multiple Choice
Consider a system in which a person earning $10, 000 pays $1, 000 in taxes, a person earning $25, 000 pays $2, 000, and someone earning $60, 000 pays $4, 000.What type of tax is this?
A) progressive
B) proportional
C) regressive
D) property tax
E) one based on the benefits principle of taxation
Correct Answer:
Verified
Correct Answer:
Verified
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