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Author Question: Regressive tax rates decrease as the tax base increases. (Read 86 times)

colton

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Question 1

If a taxpayer's total tax liability is $4,000, taxable income is $20,000, and total economic income is $40,000, then the effective tax rate is 20 percent.
◦ true
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Question 2

Regressive tax rates decrease as the tax base increases.
◦ true
◦ false


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Marked as best answer by colton on Sep 13, 2020

ryrychapman11

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colton

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Reply 2 on: Sep 13, 2020
:D TYSM


Laurenleakan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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