Suppose that the tax system in Latin American country is calculated such that if Emily's annual income is $400 thousand then she must pay $40 thousand in taxes, while if Emily's annual income is $200 thousand then Emily must pay $34 thousand in taxes. This implies that the tax system in this country is: regressive. O progressive. optional. O proportional.

Suppose that the tax system in Latin American country is calculated such that if Emily's annual income is $400 thousand then she must pay $40 thousand in taxes, while if Emily's annual income is $200 thousand then Emily must pay $34 thousand in taxes. This implies that the tax system in this country is: regressive. O progressive. optional. O proportional.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter16: The Public Sector

Section: Chapter Questions

Problem 7SQP

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