This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is true of a regressive taxation system? A. It applies exclusively to ... (Read 78 times)

shenderson6

  • Hero Member
  • *****
  • Posts: 573
Which of the following is true of a regressive taxation system?
 
  A. It applies exclusively to people who earn two-thirds or more than the average wage.
  B. This form of taxation tends to benefit relatively wealthy people more than relatively
  poor people.
  C. Under this form of taxation a person's tax burden increases proportionately as his
  income increases.
  D. It is the most efficient method to ensure the redistribution of wealth from the richer
  sections of the society to the poorer sections.
  E. Under this form of taxation, the poorer sections of the society are exempted from
  paying the taxes even if they are employed.

Question 2

What effect does a small proportion of extremely wealthy citizens have on the mean and median income of a country?
 
  A. They raise the median income to a value closer to the mean.
  B. They raise the mean income to create a greater difference between the median and
  mean income.
  C. They reduce the mean income to a value that is closer to the median income.
  D. They reduce the median income to cause a greater difference between mean and
  median incomes.
  E. They equalize the mean income and the median income.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

B

Answer to Question 2

B




shenderson6

  • Member
  • Posts: 573
Reply 2 on: Jul 8, 2018
Thanks for the timely response, appreciate it


bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Excellent

 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

For a complete list of videos, visit our video library