The Unique Feature of a Progressive Income Tax Is That

question 67

Multiple Choice

The unique feature of a progressive income tax is that the higher one's income (up to some point) ,the __________ one pays.

• A) more taxes
• B) higher the tax rate
• C) less taxes
• D) lower the tax rate
• E) none of the above

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Definitions:

Credit Sales

Sales made on credit, where the payment from the buyer is deferred to a later date.