The Community Charge was a poll tax to fund local government in the United Kingdom, instituted in 1989 by the government of Margaret Thatcher. It replaced the rates that were based on the national rental value of a house

It was a fixed tax per adult resident. Is this tax a proportional, progressive or regressive tax? Explain your answer.


This is essentially a regressive tax since the amount of tax is independent of one's income. Therefore, as income rises the percent of your income paid actually declines.

Economics

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In the figure above, what is the consumer surplus per day?

A) $100,000 B) $50,000 C) $125,000 D) $150,000 E) zero

Economics

The top 25 most frequently used DRGs accounted for approximately _______ percent of all discharges under Medicare

a. 28 b. 38 c. 48 d. 58 e. 68

Economics

When the market price of a good is below its equilibrium price, competition among

A. buyers will push the price up. B. buyers will push the price down. C. sellers will push the price up. D. sellers will push the price down.

Economics

In the U.S. a candy bar costs $1 . If the nominal exchange rate were 6 Chinese yuan per dollar and the real exchange rate were 1.2, then, what would be the price of a candy bar in China?

a. 7.2 yuan b. 6 yuan c. 5 yuan d. 3.6 yuan

Economics