Asked by Alexandre Al Mokhtari on May 10, 2024
Verified
The state and local tax structure is largely progressive.
Tax Structure
The system or arrangement of various types of taxes imposed by a government, including their rates, bases, and method of collection.
Progressive
Relating to an approach or policy that aims to provide greater social services or advantages to those with lower incomes, funded by higher taxes on those with higher incomes.
- Understand the principles of tax progressivity, regressivity, and proportionality.
Verified Answer
RC
Roberto CastanedaMay 15, 2024
Final Answer :
False
Explanation :
The state and local tax structure is largely regressive, meaning lower-income individuals tend to pay a higher percentage of their income in taxes compared to higher-income individuals.
Learning Objectives
- Understand the principles of tax progressivity, regressivity, and proportionality.
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