Taxes are levied by multiplying a tax rate by a tax base(the rate of tax by the amount taxed). Now that you have studied some of the rates and bases for income tax etc., think carefully about the following definitions.

• Progressive: The tax rate increases as the tax base increases.
• Proportional: The tax rate remains the same regardless of the tax base.
• Regressive: The tax rate decreases as the tax base increases.
• Marginaltax is the proportion of tax paid on the next dollar of income.
• Averagetax rate is the percentage of total tax paid on the amount of taxable income.

Considering your current knowledge and experience, would you recommend Progressive, Proportional, or Regressive as the Fairest of Tax Structures for individual income taxes. Marginal and Average are not tax structures. Your response should not necessarily give the best result for you individually at this time of your economic life, but should give that tax structure which you believe would be the most fair or equitable for a nation.

Your post will be graded to the extent that your response contains answers to these three questions.:

1. Does your recommendation define and properly use the appropriate terms as part of the discussion on tax structure?
2. Does your recommendation explain or defend your choice by comparing or contrasting different methods of tax structure?
3. Does your recommendation make a definitive stand, position, or conclusion of the Fairest Tax Structure?