Give an example of a tax system where the marginal tax rate would equal the average tax rate

The marginal tax rate would equal the average tax rate if the tax system had one rate, such as everyone pays 10% of income in taxes, regardless of total income and without any deductions or exclusions. In other words, the tax must begin with the first dollar earned.

Economics

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How does a recession in Asia affect U.S. aggregate demand and the U.S. aggregate demand curve?

What will be an ideal response?

Economics

A factor of production that can be used in any sector of an economy is a(an)

A) mobile factor. B) specific factor. C) variable factor. D) import-competing factor. E) export-competing factor.

Economics