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28 Sep 2019
Suppose the tax rates for single wage earners are:
00000 - 9999 = 0%
10000 - 19999 = 10%
20000 - 29999 = 22%
30000 - 39999 = 35%
40000 and above = 60%
1.)Calculate the marginal tax rate (MTR) and average tax rate (ATR)for a person earning $15,000 and one earning $35,000.
2.)Is this tax system progressive, regressive, or proportional?Describe fully
3.)Is it ever possible for the MTR = ATR? When?
4.)You earn $1,500,000. What is your MTR and ATR? How motivated areyou to add to your income?
5.) Would you be in favor of a flat-tax rate system for incomeearners? Explain. Why would this not really simplify the tax systemas many people argue -- 1 Bonus point)?
Suppose the tax rates for single wage earners are:
00000 - 9999 = 0%
10000 - 19999 = 10%
20000 - 29999 = 22%
30000 - 39999 = 35%
40000 and above = 60%
1.)Calculate the marginal tax rate (MTR) and average tax rate (ATR)for a person earning $15,000 and one earning $35,000.
2.)Is this tax system progressive, regressive, or proportional?Describe fully
3.)Is it ever possible for the MTR = ATR? When?
4.)You earn $1,500,000. What is your MTR and ATR? How motivated areyou to add to your income?
5.) Would you be in favor of a flat-tax rate system for incomeearners? Explain. Why would this not really simplify the tax systemas many people argue -- 1 Bonus point)?
00000 - 9999 = 0%
10000 - 19999 = 10%
20000 - 29999 = 22%
30000 - 39999 = 35%
40000 and above = 60%
1.)Calculate the marginal tax rate (MTR) and average tax rate (ATR)for a person earning $15,000 and one earning $35,000.
2.)Is this tax system progressive, regressive, or proportional?Describe fully
3.)Is it ever possible for the MTR = ATR? When?
4.)You earn $1,500,000. What is your MTR and ATR? How motivated areyou to add to your income?
5.) Would you be in favor of a flat-tax rate system for incomeearners? Explain. Why would this not really simplify the tax systemas many people argue -- 1 Bonus point)?
manhokwe tawandaLv10
28 Sep 2019
