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he following table shows tax payments made for various incomes. According to the information in the table below, the tax syste able 3.1 Taxable income $1,000 $2,000 $4,000 $8,000 Тах раyments $10 $30 $90 $270 O a. regressive between $1,000 and $2,000 of income but progressive above $2,000. O b. progressive throughout all levels of income. O c. regressive throughout all levels of income. d. progressive between $1,000 and $2,000 of income but regressive above $2,000. O e. proportional throughout all levels of income.

he following table shows tax payments made for various incomes. According to the information in the table below, the tax syste able 3.1 Taxable income $1,000 $2,000 $4,000 $8,000 Тах раyments $10 $30 $90 $270 O a. regressive between $1,000 and $2,000 of income but progressive above $2,000. O b. progressive throughout all levels of income. O c. regressive throughout all levels of income. d. progressive between $1,000 and $2,000 of income but regressive above $2,000. O e. proportional throughout all levels of income.

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
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The following table shows tax payments made for various incomes. According to the information in the table below, the tax system is: Table 3.1 Taxable income $1,000 $2,000 $4,000 $8,000 Тах рayments $10 $30 $90 $270 a. regressive between $1,000 and $2,000 of income but progressive above $2,000. b. progressive throughout all levels of income. c. regressive throughout all levels of income. O d. progressive between $1,000 and $2,000 of income but regressive above $2,000. O e. proportional throughout all levels of income.
Transcribed Image Text:The following table shows tax payments made for various incomes. According to the information in the table below, the tax system is: Table 3.1 Taxable income $1,000 $2,000 $4,000 $8,000 Тах рayments $10 $30 $90 $270 a. regressive between $1,000 and $2,000 of income but progressive above $2,000. b. progressive throughout all levels of income. c. regressive throughout all levels of income. O d. progressive between $1,000 and $2,000 of income but regressive above $2,000. O e. proportional throughout all levels of income.
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