Multiple Choice
Suppose taxes are levied in the following way.All individuals pay a tax equal to $2000 no matter what income they earn.In addition,all individuals pay 20% of all their earned income in taxes.This income-tax system is
A) regressive.
B) progressive.
C) indexed.
D) proportional.
E) an accurate description of the Canadian system.
Correct Answer:
Verified
Correct Answer:
Verified
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