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Proponents of the United States Moving from Its Current Progressive

question 41

Essay

Proponents of the United States moving from its current progressive tax system to a flat tax system argue that the efficiency gains associated with a flat tax system would mean that even people who are paying a higher tax rate,with increased economic growth,would be better off.Explain this argument.


Definitions:

Summary Statistics

Quantitative measures that describe and summarize the main features of a collection of data.

Box And Whisker Plot

A graphical representation of data that displays the distribution's central tendency, variability, and skewness, including the median, quartiles, and extremes.

Percentile

A statistical metric denoting the value beneath which a certain portion of data points in a set lies.

Third Quartile

The value below which 75% of the observations in a dataset fall, also known as the upper quartile.

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