Business High School

In the United States, people are sorted into different tax brackets so that they pay differing amounts of taxes based on their income level. Which type of tax system does this BEST demonstrate?

A. regressive
B. progressive
C. proportional
D. flat

Answers

Answer 1

Answer:

B. progressive

Explanation:

In a progressive tax system, the tax rate imposed on individuals and firms is based on their income levels.  A low tax rate is applied to low-income earners. As income levels increases, the tax rate also increases. This means that the poor are taxed using lower tax rates compared to the wealthy.

A progressive tax system promotes equity and fair distribution of wealth. The poor have little; hence pay low taxes while the rich pay higher amounts.

Answer 2

Answer:

Progressive

Explanation:

Got it right on the test nun to worry about.

Related Questions

The difference in income between the richest and poorest citizens is called a command economy. unemployment. private property. the wealth gap.

Answers

Answer:

the wealth gap.

Explanation:

The difference in income between the richest and poorest citizens is called the wealth gap.

This ultimately implies that, the wealth gap is the difference between the richest and poorest citizens living in a geographical location based on the level of their assets and net worth i.e assets minus their debts.

Hence, the information generated by the government based on the wealth gap of its citizens is typically used for formulating economic policies, plan and financial budgets.

The difference in income between the richest and poorest citizens is called the wealth gap.

What is wealth gap?

Wealth gap can be defined as the difference in the income earned by the richest and the poorest citizen.

When a rich person earn more than a poor person this indicate a disparity in wealth distribution between the rich and the poor.

This tend to lead to what is called wealth gap based on the fact that their is no equality as the rich earn more than the poor.

Inconclusion the difference in income between the richest and poorest citizens is called the wealth gap.

Learn more about wealth gap here:https://brainly.com/question/4517769

1. The supplies of the materials are abundant and can suffice the demand of
the consumers.​

Answers

i want to answer this but could you plz be more specific? what question are you asking?
I would like to know as well but it’s probably referring to equilibrium, surplus or shortage.
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