Which of the following statements illustrate a regressive tax? Tom gets a new job and his income increases. His tax rate increases. Tom gets a new job and his income increases. His tax rate decreases. property taxes paid by home owners income taxes collected by Revenue Canada

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Chapter15: Fiscal Policy
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Which of the following statements illustrate a regressive tax?
Tom gets a new job and his income increases. His tax rate increases.
Tom gets a new job and his income increases. His tax rate decreases.
property taxes paid by home owners
income taxes collected by Revenue Canada
Transcribed Image Text:Which of the following statements illustrate a regressive tax? Tom gets a new job and his income increases. His tax rate increases. Tom gets a new job and his income increases. His tax rate decreases. property taxes paid by home owners income taxes collected by Revenue Canada
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