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11 Dec 2019
Identify whether the scenarios below are examples of regressive or progressive taxes.
a. A sales tax on food and clothing.
b. An additional sales tax on cars bought for over $50,000.
c. A flat-rate income tax of 20%, with no additional tax being paid on earnings above $1,000,000.
d. An income tax system using tax brackets, where the percentage tax rate increases with income.
e. A fixed poll tax on citizens and residents.
Identify whether the scenarios below are examples of regressive or progressive taxes.
a. A sales tax on food and clothing.
b. An additional sales tax on cars bought for over $50,000.
c. A flat-rate income tax of 20%, with no additional tax being paid on earnings above $1,000,000.
d. An income tax system using tax brackets, where the percentage tax rate increases with income.
e. A fixed poll tax on citizens and residents.
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Nestor RutherfordLv2
3 Apr 2020