Bracket Creep Would Less Likely Occur in Which of the Following

question 37

Multiple Choice

Bracket creep would less likely occur in which of the following?

• A)a progressive income tax system
• B)a regressive income tax system
• C)a flat income tax system
• D)none of the above

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Definitions:

Anonymous Surveys

Surveys designed to collect data without revealing the identities of the respondents, enhancing the honesty and accuracy of responses.

Behavioral Economics

An area within economics that examines how psychological, cognitive, emotional, cultural, and social aspects influence the economic choices made by individuals and institutions.

System 1

A term from psychology, referring to the fast, automatic, and often subconscious way of thinking, as opposed to the slower, more deliberate thought processes of System 2.

System 2

A term often used in behavioral economics, referring to slow, deliberative, and analytical thinking, contrasted with fast, instinctive, and emotional 'System 1' thinking.