Suppose Taxes Are Levied in the Following Way

question 84

Multiple Choice

Suppose taxes are levied in the following way.No individual pays any taxes on the first $10 000 of their income.And for every dollar earned above this amount,all individuals pay 20% in taxes.This income- tax system is

• A)indexed.
• B)an accurate description of the Canadian system.
• C)proportional.
• D)regressive.
• E)progressive.

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