A number of people have argued for a flat tax with each, Ask an Expert

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A number of people have argued for a flat tax with each person getting a personal exemption of, say, $10,000, meaning that they pay zero tax on the first $10,000 of income and then 20% on all income above that. Is such a flat tax progressive, proportional, or regressive? Offer an example to demonstrate your answer.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91695485

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