The following table shows the amount of tax paid in three countries X, Y and Z. Identify the type of tax structure practiced in each country. Country New tax paid X Y 7 Original income level 1,000 1,200 1.500 Original Tax paid 50 72 150 New income level 5,000 8,000 10.000 500 480 600

The following table shows the amount of tax paid in three countries X, Y and Z. Identify the type of tax structure practiced in each country. Country New tax paid X Y 7 Original income level 1,000 1,200 1.500 Original Tax paid 50 72 150 New income level 5,000 8,000 10.000 500 480 600

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 7SCQ: Table 15.9 shows the share of income going to each quintile of the income distribution for the...

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Question

EXERCISE
The following table shows the amount of tax paid in three countries X,
Y and Z. Identify the type of tax structure practiced in each country.
Country
New tax paid
X
Y
Z
Original
income level
1,000
1,200
1,500
Original Tax
paid
50
72
150
New income
level
5,000
8,000
10,000
500
480
600

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