What happens to the percentage of an income that is taxed when income rises and the tax is a proportional one?
A. The percentage of tax falls.
B. The percentage of tax rises.
C. The ...
... percentage rises and then falls.
D. The percentage of tax stays the same.
In the given scenario, income and tax are proportional to each, therefore, if generated income rises that tax rises as well but therefore net income after tax decreases. For instance, Year 1 ...
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