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Which of the following would be a progressive tax? A)People earning $35,000 pay 10 percent tax, while people earning $100,000 pay 30 percent tax. B)All people pay a 15 percent income tax. C)People pay 10 percent tax on property, whether it is worth $50,000, $500,000, or $50 million. D)Everyone pays a 5 percent sales tax.
People earning $35,000 pay 10 percent tax, [ while people earning $100,000 pay 30 percent tax would be a progressive tax ]
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Expert answered|jher000|Points 7680|
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Asked 9/26/2012 11:38:41 AM
Updated 9/27/2014 8:06:05 PM
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Edited by debnjerry [9/27/2014 8:06:04 PM], Confirmed by debnjerry [9/27/2014 8:06:05 PM]
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