Answered: The tax system is used to reduce income…

The tax system is used to reduce income inequality through the use of taxes. Select one: a. progressive b. regressive c. efficiency offset d. proportional

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter30: Government Budgets And Fiscal Policy

Section: Chapter Questions

Problem 7SCQ: The social security tax is 6.2 on employees income earned below 113,000. Is this tax progressive,...

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Question

The tax system is used to reduce
income inequality through the use of
taxes.
Select one:
a. progressive
b. regressive
c. efficiency offset
d. proportional

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