Given the Following Tax Structure,what Is the Minimum Tax That

question 61

Essay

Given the following tax structure,what is the minimum tax that would need to be assessed on Lizzy to make the tax progressive with respect to average tax rates? What is the minimum tax that would need to be assessed on Lizzy to make the tax progressive with respect to effective tax rates?
$\begin{array}{|c|r|r|r}\hline \text { Taxpayer } & \text { Salary } & \text { Muni-Bond Interest } & \text { Total Tax } \\\hline \text { Mort } & 20,000 & 5,000 & 4,000 \\\hline \text { Lizzy } & 80,000 & 30,000 & ? ? ? \\\hline\end{array}$  

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Definitions:

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections to individuals, including rights against self-incrimination, double jeopardy, and guarantees due process of law.

Incriminating Statements

Statements that suggest or imply someone's involvement in a crime or wrong-doing.

Warrantless Search

A search conducted by law enforcement without a court-issued warrant, which must meet certain legal exceptions to be considered constitutional.

Voluntary Intoxication

A legal defense claiming that the defendant was under the influence of drugs or alcohol by their own choice at the time of the alleged crime.