timer Asked: Apr 1st, 2014
account_balance_wallet $5

Question description

Suppose a tax is such that an individual with an income of $10,000 pays $2000 of tax, a person with an income of$20,000 pays $3000 of tax, a person with an income of $30,000 pays $4000 of tax, and so forth. What is each person’s average tax rate? Is this tax regressive, proportional, or progressive?

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Purdue University

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