Multiple Choice
Suppose an income tax is imposed that takes $1,000 from someone with an income of $20,000; $4,000 from someone with an income of $30,000; and $12,000 from someone with an income of $80,000.This tax would be classified as
A) regressive.
B) proportional.
C) progressive.
D) a flat tax.
Correct Answer:
Verified
Correct Answer:
Verified
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