4.7) Consider a national income tax that is structured as follows: Income Marginal tax rate $0-$10,000 0%   $10,001-- $60,000 5%   $60,001and above 0%   For each of the following workers determine his or her marginal and average tax rate d. Would you describe the tax system as proportional, regressive, or progressive? Explain

Economics (MindTap Course List)
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Chapter11: Fiscal Policy And The Federal Budget
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4.7) Consider a national income tax that is structured as follows:
Income
Marginal tax
rate
$0-$10,000
0%
 
$10,001--
$60,000
5%
 
$60,001and
above
0%
 
For each of the following workers determine his or her marginal and average tax rate

d.

Would you describe the tax system as proportional, regressive, or progressive? Explain

 

 

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