A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?

Related Mcqs:

Which of the following is true with regard to a tax on labor income? Taxes on labor income tend to encourage ?

A. the unscrupulous to enter the underground economy B. the elderly to retire early. C. all the things described in these answers. D. second earners to stay home. E. workers to work fewer hours...

Refer to Exhibit 4. If a tax is placed on the product in this market, producer surplus is the area?

A. A + B + E B. A + B + C + D C. A D. D...

Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the sellers is the area ?

A. C + F B. A C. B D. C...

The appropriate tax rate to consider judging the vertical equity of a tax system is the ?

A. marginal tax rate B. average tax rate C. horizontal tax rate D. proportional tax rate...

A progressive tax system is one where ?

A. marginal tax rates are high. B. higher income taxpayers pay more taxes than do lower income taxpayers. C. marginal tax rates are low. D. higher income taxpayers pay a greater percentage of their income in taxes than do lower income taxpayers....