Multiple Choice
Senator Smith proposes that the income tax structure be revised to have two tax rates.The first,16 percent,applies to persons whose income is between $0 and $40,000 a year.The second,23 percent,applies to persons whose income is more than $40,000 a year.This is a
A) regressive income tax structure.
B) proportional income tax structure.
C) progressive income tax structure.
D) cyclical income tax structure.
Correct Answer:

Verified
Correct Answer:
Verified
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