Multiple Choice
Which of the following statements is true regarding the relationship between an individual's average tax rate and marginal tax rate?
A) In a regressive personal tax system, an individual's marginal tax rate is normally greater than his average tax rate.
B) In a regressive personal tax system, an individual's marginal tax rate is normally equal to his average tax rate.
C) In a progressive personal tax system, an individual's marginal tax rate is normally equal to his average tax rate.
D) In a progressive personal tax system, an individual's marginal tax rate is normally greater than his average tax rate.
Correct Answer:
Verified
Correct Answer:
Verified
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