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Which of the following individual situations often leads to a reduction of both income and wealth? Change of employment Retirement Responsibility for others Investment Accumulation
Which of the following individual situations often leads to a reduction of both income and wealth?
Change of employment | ||
Retirement | ||
Responsibility for others | ||
Investment | ||
Accumulation of assets |
If you pay proportionally more taxes due to having more income, then you are paying a
consumption tax. | ||
regressive tax. | ||
progressive tax. | ||
excise tax. | ||
estate tax. |
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