Multiple Choice
If a household earning $50,000 annually pays $10,000 in taxes while a household earning $100,000 annually pays $15,000 in taxes,then the tax system is
A) regressive.
B) progressive.
C) reducing income inequality.
D) discriminatory.
Correct Answer:
Verified
Correct Answer:
Verified
Q33: Government intervention to reduce income inequality might
Q34: Which of the following statements is true?<br>A)
Q35: Progressive income tax structures tend to make
Q36: An income tax is regressive if<br>A) lower-income
Q37: In the United States,people who earn more
Q39: Supporters of supply-side economics would be most
Q40: Increasing foreign trade has reduced income inequality
Q41: The top quintile of income earners would
Q42: The possible increase in rent-seeking behavior is
Q43: Dividing the number of households making over