Asked by Jeremiah Starre on Jul 08, 2024
Verified
(Table: Three Tax Structure Proposals) Use Table: Three Tax Structure Proposals.Policy makers interested in implementing a progressive tax structure would suggest using:
A) proposal 1.
B) proposal 2.
C) proposal 3.
D) all of the proposals,since all are progressive.
Progressive Tax Structure
A tax system in which the tax rate increases as the taxable amount or income increases, imposing a higher percentage rate on higher income earners.
Policy Makers
Individuals or groups responsible for creating and implementing policies and decisions in governmental or organizational settings.
Proposal
A formal suggestion or plan, typically detailed in a document, outlining a course of action or project.
- Master the underlying principles of assorted tax schemes (progressive, regressive, and proportional) and their influence on justice and efficiency.
Verified Answer
BK
Brenden KephartJul 09, 2024
Final Answer :
B
Explanation :
Proposal 2 is the most progressive tax structure since the tax rate increases as the income increases. Proposal 1 and 3 do not have as much income differentiation in the tax rates.
Learning Objectives
- Master the underlying principles of assorted tax schemes (progressive, regressive, and proportional) and their influence on justice and efficiency.