Consider an Income-Tax System That Requires All Individuals to Pay

question 101

Multiple Choice

Consider an income-tax system that requires all individuals to pay exactly 3% of their income.This income-tax system is

• A)proportional.
• B)progressive,because the higher the individual's income,the greater the amount of tax paid.
• C)regressive,since 3% is harder to pay for a low-income taxpayer.
• D)fair,since everyone pays the same amount.
• E)a lump-sum system,sometimes called a poll tax.

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Definitions:

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The act of being the first to develop or use new methods, areas of knowledge, or activities, often leading to innovation in a field.

Competitive

Relating to or characterized by competition; striving to gain or win something by defeating or establishing superiority over others.

Reminder

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Advertisements that focus on selling a product or service and which take three forms: (1) pioneering (or informational), (2) competitive (or persuasive), and (3) reminder.