Asked by
RaLeigh Basart
on Dec 05, 2024
Verified
(Figure: Income Tax Payments) Use Figure: Income Tax Payments.Which panel or panels BEST represent the effects of a proportional income tax?
A) A
B) B
C) C
D) A and B
Proportional Income Tax
A tax system where the tax rate remains constant regardless of the amount of income earned, meaning taxpayers pay the same percentage of their income in taxes.
- Describe the difference between progressive, proportional, and regressive tax systems.
Verified Answer
DS
Learning Objectives
- Describe the difference between progressive, proportional, and regressive tax systems.