Question
In 2009, workers in the United States paid a social security tax equal to 6.2 percent of all wages earned until a cap of $106,800
In 2009, workers in the United States paid a social security tax equal to 6.2 percent of all wages earned until a cap of $106,800 was reached. After that, the tax rate was 0 percent. What kind of tax is the social security tax?
A) Regressive
B) FLAG
C) Proportional
D) Progressive
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
