A tax in which all income groups pay the same percentage is known as a
Question 2
2.
Assume that Walt earns $600,000 per year and Sam earns $50,000 per year. Walt pays a higher pecentage of his income in taxes than Sam. What type of tax does this describe?
Question 3
3.
Jared earns $30,000 a year. He pays a higher percentage of his income in taxes than does his brother who earns $300,000 a year. What type of tax is this?
Question 4
4.
Many economists consider increases in sales taxes to be an unfair burden on the poor. Why is this?
Question 5
5.
Assume that the economy enters a recession and property values fall, resulting in lower property tax revenue. Which of the following would directly result from lower property tax revenue?