A Tax Is Progressive If It Takes a

question 98

Multiple Choice

A tax is progressive if it takes a

• A) Larger number of dollars as income rises.
• B) Larger number of dollars as income falls.
• C) Smaller fraction of income as income falls.
• D) Smaller fraction of income as income rises.

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Definitions:

Fundamental Principles

Basic concepts, norms, or rules that underlie and guide an action, procedure, or system.

Constitution

The core rules or long-standing guidelines that dictate how a state or any other entity is managed.

Precedent

A tool used by judges to make rulings on cases on the basis of key similarities to previous cases.

Past Decisions

Historical verdicts or conclusions made by authorities or individuals that can influence or guide current and future decision-making or legal precedents.