Question
In a proportional income tax system, marginal tax rates are the same regardless of the level of taxable income. marginal tax rates increase as the
In a proportional income tax system,
| marginal tax rates are the same regardless of the level of taxable income. | ||
| marginal tax rates increase as the level of taxable income increases. | ||
| marginal tax rates decline as the level of taxable income declines. | ||
| everyone pays the same dollar amount in taxes. |
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
