Match each tax plan with the groupthat wouldbe burdened (hurt) more from an economic perspective (ok, no
Question:
Match each tax plan with the groupthat wouldbe burdened (hurt) more from an economic perspective (ok, no one "wants" taxes, but pick the best choice).
OPTIONS:
A.Upper Income B.Lower income
QUESTIONS: (A or B)
1.imposing a progressive income tax
2.imposing another 1% sales tax on food
3.imposing a 7 percent tax on all earnings (and all income levels) within the state (Wisconsin income tax ranges from about 6-8% currently)
4.Establishing a toll of $1 per 10 miles (per car tax) on the use of all major highways in the state (this gets paid only when you drive the highway).
5.Raising tuition at all colleges across the state (for this example, assume that the government can do it even for private colleges).
6.Adding a $1 per gallon tax on gasoline
7.Keeping the current progressive tax rates for the state, BUT ADDING two new brackets at the high end (Currently those making $225,000 pay 8%, which is the same rate as those making $500,000 or $1,000,000 per year). The two new brackets would be as follows: $500,000+ would be taxed at 9% $1,000,000+ would be taxed at 9.5%