Consider the following tax rate structures. Is it horizontally equitable? Why or why not? Is it vertically equitable? Why or why not?
Definitions:
Open-Mindedness
The state of being receptive to other ways of looking at things.
Divergent Thinking
A thought process or method used to generate creative ideas by exploring many possible solutions.
Fixedness
A cognitive bias that limits a person to using an object only in the way it is traditionally used.
Heuristics
Mental shortcuts or rules of thumb that simplify decision making and problem solving, although not always perfectly accurate.
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