Asked by Kaylee Rabon on Jul 16, 2024
Verified
The evidence suggests that taken collectively,taxes in the U.S.economy are:
A) extremely regressive.
B) extremely progressive.
C) somewhat progressive.
D) proportional.
Taxes in The U.S.
Various compulsory financial charges imposed by the government on individuals and organizations to fund public expenditures.
Proportional
Characterized by a constant relationship in degree or number between two variables.
- Comprehend the principles of progressive, regressive, and proportional taxation.
Verified Answer
GJ
Gloria JamesJul 17, 2024
Final Answer :
C
Explanation :
The U.S. tax system is not extremely regressive as there are progressive elements such as the graduated income tax rate and deductions. However, it is not extremely progressive either as there are also regressive taxes such as sales tax and payroll taxes. Therefore, the U.S. tax system can be described as somewhat progressive.
Learning Objectives
- Comprehend the principles of progressive, regressive, and proportional taxation.