In Freedonia, Mrs. Clark earns $50,000 and pays $20,000 in taxes. Mrs. Smith, her neighbor, earns $100,000

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In Freedonia, Mrs. Clark earns $50,000 and pays $20,000 in taxes.

Mrs. Smith, her neighbor, earns $100,000 and pays $30,000 in taxes.

Is Freedonia’s tax system progressive, regressive, or proportional?

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Economics Barrons Business Review Series

ISBN: 9781438008776

6th Edition

Authors: Walter J. Wessels

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Question Posted: Feb 18, 2024 04:01 AM

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In Freedonia, Mrs. Clark earns $50,000 and pays $20,000 in taxes. Mrs. Smith, her neighbor, earns $100,000

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Economics Barrons Business Review Series

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