Taxes can be progressive, regressive, or proportional
What will be an ideal response?
For example, regarding an income tax:
Progressive: As incomes increase, the tax rate increases.
Regressive: As incomes increase, the tax rate decreases
Proportional: All income levels pay the same percentage.
Economics
You might also like to view...
A system of laws and courts generates positive externalities because
A) only governments are capable of creating such systems. B) people cannot choose whether or not to obey the law. C) people who disobey the law benefit from the existence and enforcement of rules applicable to all. D) such a system could not exist without the approval of a majority.
Economics
According to employment studies, what is the most productive day of the week?
a. Monday b. Tuesday c. Wednesday d. Thursday
Economics