A tax rate system characterized by higher marginal tax rates as income increases is known as
A. a regressive tax system.
B. a flat-rate tax system.
C. a proportional tax system.
D. a progressive tax system.
Answer: D
You might also like to view...
The problem with spinning is that it may ________ the cost of capital to a firm and thus ________ the efficiency of the capital market
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
In equilibrium, rate of growth of capital in a simple closed economy (i.e., x = 0 ) is determined primarily by
A) the growth rate of savings. B) the level of saving less expenditures for replacement capital. C) per capita well-being. D) the growth rate of replacement capital.
Discretionary expenditures
What will be an ideal response?
Research suggests that about ________ percent of people living under the poverty line in any given year are chronically poor.
A. 8 B. 13 C. 38 D. 3