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Author Question: The figure below show a simplified version of the current(2021)Canadian federal income-tax system. ... (Read 46 times)

Ale

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The figure below show a simplified version of the current (2021) Canadian federal income-tax system. The marginal income-tax rates for the five ranges of income are 15%, 20.5%, 26%, 29%, and 33% respectively.



FIGURE 18-2

Refer to Figure 18-2. This income-tax system can be characterized as


◦ cumbersome.
◦ regressive.
◦ fair.
◦ proportional.
◦ progressive.


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Marked as best answer by Ale on Oct 12, 2022

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Ale

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it


nanny

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Reply 3 on: Yesterday
Excellent

 

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