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Author Question: Flat and Proportional TaxesThe table shows the average tax rate for families with different ... (Read 715 times)

903f23fj0

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on: Nov 23, 2022

Question 1

Regressive vs. Progressive Taxation

The table shows the tax liability for various income levels in the country of Dominica.
Annual IncomeTax Liability
$15,000$6,750​
$30,000$11,400​
$45,000$14,400​
$60,000$17,400​
$75,000$16,500​
What kind of tax does this represent?
◦ progressive
◦ proportional
◦ flat
◦ regressive

Question 2

Flat and Proportional Taxes

The table shows the average tax rate for families with different incomes.
FamilyIncomeAverage Tax Rate
Smith$10,0006%
Martinez $50,00012%
Johnson$100,00018%
Suppose the government switches to a proportional tax of 12%. How will this affect government revenues from the tax?
Please round your final answer to two decimal places.
◦ increases revenues by $5,400
◦ decreases revenues by $5,400
◦ decreases revenues by $8,200.00
◦ increases revenues by $8,200.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by 903f23fj0 on Nov 23, 2022

koung719

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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903f23fj0

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

dyrone

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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