Taxes That Rely More Heavily on Revenues from Higher Incomes

question 78

Multiple Choice

Taxes that rely more heavily on revenues from higher incomes are known as

• A) flat taxes.
• B) progressive taxes.
• C) regressive taxes.
• D) nominal taxes.

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Definitions:

Unlawful Payments

Transactions or payments made that are illegal or not sanctioned by law, often involving bribery or corruption.

Foreign Official

An individual who holds a position of authority or office in a government or international agency outside of one's own country.

Absolutism

A theory of ethics which requires that individuals defer to a set of rules to guide them in the ethical decision-making process. Whether an action is moral depends on whether it conforms to the given set of ethical rules.

Inflexible

Inflexible describes a lack or absence of flexibility; not open to change or adaptation.