Each person would pay taxes equal to 10 percent of the, Ask an Expert

Economics

suppose a special tax was introduced that used the value of one's automobile as the tax base. Each person would pay taxes equal to 10 percent of the value of his or her car. Would the tax be proportional, progressive or, regressive? What assumptions do you make in answering this question? Do you think the tax that was imposed either efficient or equitable?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9495126

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