The overall federal tax structure is
a. regressive because the average tax rate of those with low incomes is higher than the rate imposed on those with higher incomes.
b. progressive because the average tax rate of those with high incomes is greater than the rate imposed on those with lower incomes.
c. flat because the average tax rate is approximately constant across all income brackets.
d. progressive for income levels up to approximately $100,000 but regressive for income levels above this figure.
B
You might also like to view...
The use of money as a medium of exchange requires a double coincidence of want
a. True b. False Indicate whether the statement is true or false
Ransom E. Olds
A. was the first automobile manufacturer to use a division of labor and an assembly line. B. was the first automobile manufacturer to manufacture a standardized engine with interchangeable parts. C. sold millions of cars at a small unit of profit that allowed his company to dominate the industry. D. All of the choices are true.
Any restriction on the ease of exchanging on currency for another tends to harm
A. both the prospective import purchaser and the prospective export manufacturer. B. no one. C. only the prospective purchaser of imported goods. D. only the prospective manufacturer of goods for export.
Suppose that opportunity costs are constant and that Gorge can either bake a maximum of six pies or three cakes in a day. Brandi can produce a maximum of eight pies or two cakes in a day. Brandi has an comparative advantage in the production of
A. pies. B. cakes. C. both cakes and pies. D. neither cakes nor pies.