Consider a world with three income earners. Individual A earns $20,000

Consider a world with three income earners. Individual A earns $20,000 and pays $1,000 in taxes. Individual B earns $50,000 and pays $5,000 in taxes. Individual C earns $100,000 and pays $2,000 in taxes.

Which of the following best classifies the income tax system in this world? a. proportional b. progressive c. regressive
d. none of the above

ANSWER

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