Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter17: Taxation And Resource Allocation
Section: Chapter Questions
Problem 4DQ
Related questions
Question
If low-income families pay 10% of their income in taxes while high-income families pay 20% of their income in taxes, the tax system is which of the following?
Group of answer choices
Unfair
Regressive
Excessive
Proportional
Progressive
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