A regressive income tax is defined as a tax for which
A) total taxes paid increase with the level of income.
B) total taxes paid are independent of the level of income.
C) the average tax rate increases with the level of income.
D) the average tax rate decreases with the level of income.
D
Economics
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The last major trade bill designed to adjust the general level of U.S. tariffs was passed in
A) 1828. B) 1916. C) 1930. D) 1988.
Economics
Fannie Mae and Freddie Mac both
A) sell bonds to investors and use the funds to purchase mortgages. B) help regulate the banking system. C) directly lend funds to people seeking mortgages. D) reduce access to funds for mortgages by purchasing existing mortgages.
Economics