Answered
Mr.Thomson had a before-tax income of $20,000 and paid taxes of $2,000.Ms.Lynch had a before-tax income of $10,000 and paid taxes of $1,500.Based on this information,which of the following is correct?
A) The tax system is progressive for incomes below $10,000.
B) The tax system is proportional.
C) The tax system is regressive.
D) The tax system is based on the benefits received.
E) The tax system is progressive for incomes above $20,000.
On Jul 28, 2024