A progressive tax is: A. designed to take a greater percentage of the income of lower-income groups than of higher-income groups B. based on the benefits received principle. C. not based on the ability to pay principle D. designed so that everybody would be charged the same percentage of their income as taxes. E. designed to take a larger percentage of the income of higher-income groups than of lower-income groups
A progressive tax is: A. designed to take a greater percentage of the income of lower-income groups than of higher-income groups B. based on the benefits received principle. C. not based on the ability to pay principle D. designed so that everybody would be charged the same percentage of their income as taxes. E. designed to take a larger percentage of the income of higher-income groups than of lower-income groups
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A progressive tax is:
A. designed to take a greater percentage of the income of lower-income groups than of higher-income groups
B. based on the benefits received principle.
C. not based on the ability to pay principle
D. designed so that everybody would be charged the same percentage of their income as taxes.
E. designed to take a larger percentage of the income of higher-income groups than of lower-income groups
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