Multiple Choice
Suppose an income tax is levied in the following way: All individuals pay 10% of their income up to an income of $30 000.On all income above $30 000,individuals pay 20% of their income.Such a tax is
A) regressive.
B) progressive.
C) indexed.
D) proportional.
E) unrealistic.
Correct Answer:
Verified
Correct Answer:
Verified
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