When government tax policy requires Nathan to pay $30,000 in taxes on annual income of $300,000 and John to pay $18,000 in tax on annual income of $100,000, then the tax policy is: Group of answer choices optional. progressive. regressive. proportional.
When government tax policy requires Nathan to pay $30,000 in taxes on annual income of $300,000 and John to pay $18,000 in tax on annual income of $100,000, then the tax policy is: Group of answer choices optional. progressive. regressive. proportional.
Chapter16: The Public Sector
Section: Chapter Questions
Problem 7SQP
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When government tax policy requires Nathan to pay $30,000 in taxes on annual income of $300,000 and John to pay $18,000 in tax on annual income of $100,000, then the tax policy is:
Group of answer choices
optional.
progressive.
regressive.
proportional.
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