In an hour, a baker earns $10, a gas pump attendant earns $6, and a copy shop
Question:
In an hour, a baker earns $10, a gas pump attendant earns $6, and a copy shop worker earns $7. Suppose that the government introduces an income tax of $1 an hour. Calculate the marginal tax rates for bakers, gas pump attendants, and copy shop workers. Is this tax progressive or regressive?
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The marginal tax rate is the percentage of an additional dollar of income that is paid in ...View the full answer
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Ehsan Mahmood
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