A Tax Provision Has Been Discussed That Would Add an Additional

question 78

Multiple Choice

A tax provision has been discussed that would add an additional marginal tax rate of 42% to be applied to an individual's taxable income in excess of $800,000. If this provision were to become law, what overall distributional impact would it have on our current income tax system?

• A)Proportional.
• B)Regressive.
• C)Progressive.
• D)Disproportional.
• E)None of the above.