A tax system in which the tax rate on everyone's first $10,000 of income is 10 percent, the tax rate on everyone's second $10,000 of income is 15 percent, and the tax rate on all income over $20,000 is 25 percent is a(n):

a. proportional tax.
b. equitable tax.
c. head tax.
d. unit tax.
e. progressive tax.

e

Economics

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In new growth theory, growth in real GDP per person occurs because

i. human capital grows indefinitely. ii. technology advances as a result of choices individuals make. iii. profit incentives encourage technological change. A) i only B) ii only C) iii only D) both i and iii E) i, ii, and iii

Economics

Gross domestic product for 2000 tries to measure the market value of all final goods and services produced in 2000 . But not everything produced in the economy gets onto the market

Indicate whether the statement is true or false

Economics