Differentiate between a progressive tax system and a regressive ...

[Yi-Chen]

Differentiate between a progressive tax system and a regressive tax system.
 
  What will be an ideal response?

Question 2

A woman who decides to drive to work rather than take the bus
 
  A) is wasting scarce resources.
  B) is behaving inefficiently.
  C) thinks driving is more economically efficient for her.
  D) is probably paying attention to personal comfort and convenience rather than economic efficiency.

[joechoochoy]

Answer to Question 1

A progressive tax system is one in which tax rates increase with an increase in taxable base incomes, so that the rich pay higher tax rates than the poor, whereas a regressive tax system is one in which tax rates decrease with increase in taxable income.

Answer to Question 2

C

[Yi-Chen]

Thanks for the timely response, appreciate it

[raili21]

Excellent