Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 26RQ: What is the difference between a progressive tax, a proportional tax, and a regressive tax?
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Question
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A R1000 tax payable by all adults could be viewed as both a proportional tax and a regressive tax. Do you agree? Explain.
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