Consider a world with two income earners and an income tax. Individual
Consider a world with two income earners and an income tax. Individual A earns $25,000 and pays $1,000 in taxes. Individual B earns $100,000 and pays $3,000 in taxes. Which of the following best classifies the income tax system in this world?
a. proportional
b. progressive
c. regressive
d. consumption
ANSWER
c
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