Because the structure of the personal income tax is, Ask an Expert

Economics

Because the structure of the personal income tax is progressive, a larger share of income is taxed at higher rates as real income increases. Therefore, economic growth automatically results in higher taxes unless offsetting legislative action is taken. Do you think this is attractive feature of the current tax system? Why or why not?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9604397

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