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a. A progressive tax is one in which the average tax rate is constant as income increases. O the average tax rate decreases as income increases. O the same amount of taxes are paid as income increases. O the average tax rate increases as income increases. b. A regressive tax is one in which O the average tax rate increases as income increases. O the average tax rate is constant as income increases. the average tax rate decreases as income increases. O the same amount of taxes are paid as income increases. C. A proportional tax is one in which O the same amount of taxes are paid as income increases. O the average tax rate decreases as income increases. O the average tax rate is constant as income increases. O the average tax rate increases as income increases.

a. A progressive tax is one in which the average tax rate is constant as income increases. O the average tax rate decreases as income increases. O the same amount of taxes are paid as income increases. O the average tax rate increases as income increases. b. A regressive tax is one in which O the average tax rate increases as income increases. O the average tax rate is constant as income increases. the average tax rate decreases as income increases. O the same amount of taxes are paid as income increases. C. A proportional tax is one in which O the same amount of taxes are paid as income increases. O the average tax rate decreases as income increases. O the average tax rate is constant as income increases. O the average tax rate increases as income increases.

Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter11: Fiscal Policy And The Federal Budget
Section: Chapter Questions
Problem 5WNG
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a. A progressive tax is one in which O the average tax rate is constant as income increases. O the average tax rate decreases as income increases. O the same amount of taxes are paid as income increases. O the average tax rate increases as income increases. b. A regressive tax is one in which O the average tax rate increases as income increases. O the average tax rate is constant as income increases. the average tax rate decreases as income increases. the same amount of taxes are paid as income increases. C. A proportional tax is one in which O the same amount of taxes are paid as income increases. O the average tax rate decreases as income increases. the average tax rate is constant as income increases. O the average tax rate increases as income increases. cO where You thin
Transcribed Image Text:a. A progressive tax is one in which O the average tax rate is constant as income increases. O the average tax rate decreases as income increases. O the same amount of taxes are paid as income increases. O the average tax rate increases as income increases. b. A regressive tax is one in which O the average tax rate increases as income increases. O the average tax rate is constant as income increases. the average tax rate decreases as income increases. the same amount of taxes are paid as income increases. C. A proportional tax is one in which O the same amount of taxes are paid as income increases. O the average tax rate decreases as income increases. the average tax rate is constant as income increases. O the average tax rate increases as income increases. cO where You thin
g. A municipal property tax on real estate is O regressive, and the incident is on the consumer if the property is used in business. O average, and the incident is on the consumer if one owns or rents. O progressive, and the incident is on the taxpayer if the property is rented. O proportional, and the incident is on the consumer if it is an owner-occupied residence or land. h. The federal corporate income tax is proportional, if the incidence is on shareholders. O average, if the incidence is on shareholders. O progressive, if the incidence is on consumers. O regressive, if the incidence is on producers. i. The portion of the payroll tax levied on employers is O regressive, if the incidence is on employees. O difficult to determine without knowing the relative labor supply and demand elasticities. O progressive, if the incidence is on employers. O proportional, if the incidence is on employers.
Transcribed Image Text:g. A municipal property tax on real estate is O regressive, and the incident is on the consumer if the property is used in business. O average, and the incident is on the consumer if one owns or rents. O progressive, and the incident is on the taxpayer if the property is rented. O proportional, and the incident is on the consumer if it is an owner-occupied residence or land. h. The federal corporate income tax is proportional, if the incidence is on shareholders. O average, if the incidence is on shareholders. O progressive, if the incidence is on consumers. O regressive, if the incidence is on producers. i. The portion of the payroll tax levied on employers is O regressive, if the incidence is on employees. O difficult to determine without knowing the relative labor supply and demand elasticities. O progressive, if the incidence is on employers. O proportional, if the incidence is on employers.
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