If the United States ever adopts a flat income tax to replace its current tax system, it
Question:
If the United States ever adopts a flat income tax to replace its current tax system, it will likely exempt families with income below a certain level. Will the resulting tax system be proportional, regressive, or progressive? Explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Principles Of Microeconomics: The Way We Live First
ISBN: 9781000639810
1st Edition
Authors: Feigenbaum S.K., Hafer R.W.
Question Posted: