Which of the Following Tax Systems Would Help Reduce Income

question 37

Multiple Choice

Which of the following tax systems would help reduce income inequality the most?

• A)a regressive tax system
• B)a proportional tax system
• C)a progressive tax system
• D)a consumption tax system

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Definitions:

Shellfish

Aquatic shelled animals often used as food, including species of crustaceans and mollusks.

Alcohol Abuse

The problematic consumption of alcohol that leads to significant impairment or distress, characterized by drinking in dangerous situations or amounts that can lead to health issues or personal problems.

Neglecting Responsibilities

The failure to fulfill or attend to one's duties and obligations in various aspects of life, such as personal, social, or work-related areas.

Pancreas

A gland in the human body that secretes digestive enzymes and hormones such as insulin.