Asked by Kelvyn almanzar on Jul 29, 2024

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The table below shows taxes paid for various incomes.According to the information in the table below,the tax system is:
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Table3.3
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 Taxable income $1,000$3,000$9,000$27,000 Taxes $100$200$400$800\begin{array} { | l | r | r | r | r | } \hline \text { Taxable income } & \$ 1,000 & \$ 3,000 & \$ 9,000 & \$ 27,000 \\\hline \text { Taxes } & \$ 100 & \$ 200 & \$ 400 & \$ 800 \\\hline\end{array} Taxable income  Taxes $1,000$100$3,000$200$9,000$400$27,000$800

A) progressive through all levels of income.
B) proportional throughout all levels of income.
C) regressive throughout all levels of income.
D) based on the benefits-received principle.
E) proportional only between income levels $1,000 and $3,000.

Progressive Taxation

The tax as a percentage of income increases as income increases.

Proportional Taxation

The tax as a percentage of income remains constant as income increases; also called a flat tax.

Regressive Taxation

The tax as a percentage of income decreases as income increases.

  • Digest the rationalization, key elements, and consequences of assorted taxing approaches.
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ZK
Zybrea KnightAug 04, 2024
Final Answer :
C
Explanation :
As income increases, the percentage of income paid in taxes decreases, indicating a regressive tax system.