With a proportional income tax, everyone pays taxes at the same rate, whatever his or her income

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With a proportional income tax, everyone pays taxes at the same rate, whatever his or her income level. With a progressive income tax, a person pays taxes at a higher rate (up to some top rate) as his or her income level rises. With a regressive income tax, a person pays taxes at a lower rate as his or her income level rises.

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Economics

ISBN: 9780324595420

9th Edition

Authors: Roger A. Arnold

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