economicsTable 20P-2 shows an income tax schedule for the imaginary country of Independence. Connor is a citizen of Independence who earns $\$ 95,000$ per year at his job. Assume Connor is not eligible for any deductions or exemptions.
d. Is the income tax in Independence regressive, proportional, or progressive?
TABLE 20P-2
|Taxable Income ($) |Marginal tax rate (%) |
|--|--|
|0-5,000 | 5|
|5,001-15,000 |7 |
|15,001-30,000 |9 |
|30,001-50,000 |11 |
|50,001-75,000 |13 |
| 75,001-100,000| 15|
|100,001-130,000 |20 |
|130,001-175,000 |21 |
|175,001+ | 22| 13th Edition•ISBN: 9780135225691 (1 more)Michael R Solomon449 solutions
10th Edition•ISBN: 9780134700724Elliot Aronson, Robin M. Akert, Samuel R. Sommers, Timothy D. Wilson525 solutions
2nd Edition•ISBN: 9781464113079David G Myers901 solutions
3rd Edition•ISBN: 9781319070502 (1 more)C. Nathan DeWall, David G Myers956 solutions
