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Author Question: A marginal tax rate of 47% on taxable income over $150 000 implies that (Read 46 times)

dekbert

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A marginal tax rate of 47% on taxable income over $150 000 implies that
◦ the average tax rate is also 47%.
◦ an individual with this taxable income would pay $70 000 in income tax.
◦ the income tax payable on any dollar earned above $150 000 is 47 cents.
◦ the tax system is progressive.
◦ the tax system is horizontally equitable.


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Marked as best answer by dekbert on Oct 12, 2022

BryanAultm

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dekbert

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review


Perkypinki

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Reply 3 on: Yesterday
Excellent

 

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