Multiple Choice
A tax is regressive if it collects a:
A) larger amount as income rises.
B) constant amount as income rises.
C) smaller fraction of income as income falls.
D) smaller fraction of income as income rises.
Correct Answer:
Verified
Correct Answer:
Verified
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Q11: Exhibit 12-4 Marginal tax rate lines<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg"
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