Asked by
Shelby Thomas
on Dec 05, 2024Verified
A tax that takes a _____ is _____.
A) fixed percentage of income;proportional
B) fixed percentage of income;a benefits tax
C) a smaller share of high income than of low income;progressive
D) larger share of high income than of low income;regressive
Benefits Tax
A taxation principle where taxes are levied according to the benefits received by the taxpayer.
Proportional
Characterized by a constant ratio or relation in degree or number between two or more quantities; directly comparative in size, degree, or amount.
Progressive
Pertaining to a tax system where the tax rate increases as the taxable base amount increases, often aimed at ensuring fairness in taxation.
- Identify, compare, and contrast progressive, proportional, and regressive taxation practices.
- Recognize the significance of tax systems in fiscal policy and social equity.
Verified Answer
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Learning Objectives
- Identify, compare, and contrast progressive, proportional, and regressive taxation practices.
- Recognize the significance of tax systems in fiscal policy and social equity.