A lump-sum tax:
A. takes the same percentage of taxes from income from all taxpayers.
B. requires those with low incomes to pay a smaller percentage of their income than high-income people.
C. is levied so that low-income taxpayers pay a greater proportion of their income toward taxes than high-income taxpayers.
D. taxes everyone the same amount, regardless of their income.
D. taxes everyone the same amount, regardless of their income.
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Once state and federal taxes are added together, a typical worker faces about a 40 percent marginal tax-rate on interest income
a. True b. False Indicate whether the statement is true or false
In 2003, the ________ ruled that U.S. tariffs on steel imported from the EU were unfair and allowed the EU to issue retaliatory tariffs on U.S. products.
A. European Central Bank B. United Nations C. World Trade Organization D. International Human Rights Commission