Which of the following statements concerning income tax rate structures isĀ false?
A. Under either a regressive, proportionate, or progressive rate structure, high-income taxpayers pay more dollars of tax than low-income individuals.
B. Under a progressive rate structure, the marginal rate and the average rate are equal.
C. Under a regressive rate structure, the average rate for low-income individuals is more than the average rate for high-income individuals.
D. In theory, a progressive rate structure results in equal economic sacrifice across taxpayers.
Answer: B
You might also like to view...
In general, there are ________ types of responsibility centers
A) two B) five C) ten D) three
A budget that indicates the funds to be generated or consumed during the period is referred to as a ______________________________
Fill in the blank(s) with correct word
The process by which management allocates available investment funds among competing capital investment proposals is termed present value analysis
Indicate whether the statement is true or false
In an express contract, the terms are fully and explicitly stated in words
Indicate whether the statement is true or false