Ask Question
28 November, 07:45

Suppose an economist argues that it would be fairer if everyone in society had to pay the same portion of their income in taxes rather than pay taxes at different rates based on income levels. The idea about paying a flat amount in taxes on income is an example of which kind of tax?

+1
Answers (1)
  1. 28 November, 09:58
    0
    Proportional Tax

    Explanation:

    A proportional tax imposes the same flat rate (in %) on income as payable tax.

    Other types of taxes are Progressive and Regressive Tax. In progressive, the higher you earn, the higher tax you pay while in Regressive, the higher you earn, the lower income tax paid and vice versa.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose an economist argues that it would be fairer if everyone in society had to pay the same portion of their income in taxes rather than ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers