Which of the Following Statements Best Describes How the Income

Multiple Choice

Which of the following statements best describes how the income tax is levied in the United States?

A) All your income is taxed at the same rate, although that rate varies depending on what your income is.
B) Everyone's income is taxed at the same rate.
C) Your income is taxed at different rates; those with higher income pay a higher rate.
D) Your income is taxed at different rates; those with higher income pay a lower rate.
E) Everyone's income is taxed at the same rate, but there is a cap on how much of one's income is taxed.