EBK ECONOMICS
13th Edition
ISBN: 8220106798607
Author: Arnold
Publisher: CENGAGE L
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Question
Chapter 11, Problem 5WNG
(a)
To determine
Identify the tax revenue under proportional income tax.
(b)
To determine
Identify the tax revenue under progressive income tax.
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Students have asked these similar questions
Suppose that the government collected taxes in
the following fashion: people who earn less than
$50,000 pay 25 percent in taxes, people who earn
between $50,000 and $100,000 pay 35 percent in
taxes, people who earn between $100,000 and
$200,000 pay 30 percent in taxes, and people
who earn more than $200,000 pay 28 percent in
taxes. Which of the following statements is
correct?
a. The tax system is proportional for income levels
less than $50,000 and regressive for income levels
above $50,000.
b. The tax system is regressive for income levels
less than $100,000 and progressive for income
levels above $100,000.
c. The tax system is progressive for income levels
less than $100,000 and regressive for income
levels above $100,000
. d. The tax system is progressive for income levels
less than $50,000 and proportional for income
levels above $100,000.
Compare progressive, regressive, and proportional taxes. Give at least oneexample of each type of tax.
Chapter 11 Solutions
EBK ECONOMICS
Ch. 11.1 - Prob. 1STCh. 11.1 - Prob. 2STCh. 11.1 - Prob. 3STCh. 11.1 - Prob. 4STCh. 11.3 - Prob. 1STCh. 11.3 - Prob. 2STCh. 11.3 - Prob. 3STCh. 11.4 - Prob. 1STCh. 11.4 - Prob. 2STCh. 11 - Prob. 1QP
Ch. 11 - Prob. 2QPCh. 11 - Prob. 3QPCh. 11 - Prob. 4QPCh. 11 - Prob. 5QPCh. 11 - Prob. 6QPCh. 11 - Prob. 7QPCh. 11 - Prob. 8QPCh. 11 - Prob. 9QPCh. 11 - Prob. 10QPCh. 11 - Prob. 11QPCh. 11 - Prob. 12QPCh. 11 - Prob. 13QPCh. 11 - Prob. 14QPCh. 11 - Prob. 15QPCh. 11 - Prob. 16QPCh. 11 - Prob. 17QPCh. 11 - Prob. 18QPCh. 11 - Prob. 19QPCh. 11 - Prob. 20QPCh. 11 - Prob. 21QPCh. 11 - Prob. 22QPCh. 11 - Prob. 23QPCh. 11 - Prob. 24QPCh. 11 - Prob. 1WNGCh. 11 - Prob. 2WNGCh. 11 - Prob. 3WNGCh. 11 - Prob. 4WNGCh. 11 - Prob. 5WNGCh. 11 - Prob. 6WNGCh. 11 - Prob. 7WNGCh. 11 - Prob. 8WNG
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