A proportional tax is one in which the fraction of income paid in taxes rises as a person’s income increases.

Answer the following statement true (T) or false (F)

False

Economics

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Differentiate between a change in demand and a change in quantity demanded

What will be an ideal response?

Economics

What is the opportunity cost of allocating more and more resources to the production of capital goods?

A. a decrease in real income B. the amount of consumption goods that could have been produced C. the increase in pollution D. the environmental goods foregone

Economics