Asked by prettygirl🩷
What is the reason for using progressive taxes on income?
a. Higher-income individuals are more likely to spend their income on consumption of goods, and paying more taxes discourages spending.
b. Individuals of all incomes pay the same percentage of their income toward the tax, making it a fair tax.
c. Higher-income individuals are more likely to afford their standard of living and can afford to pay more in taxes.
d. Lower-income individuals have a lower cost of living and can afford to pay more in taxes.
a. Higher-income individuals are more likely to spend their income on consumption of goods, and paying more taxes discourages spending.
b. Individuals of all incomes pay the same percentage of their income toward the tax, making it a fair tax.
c. Higher-income individuals are more likely to afford their standard of living and can afford to pay more in taxes.
d. Lower-income individuals have a lower cost of living and can afford to pay more in taxes.
Answers
Answered by
prettygirl🩷
thank you 'Bot GPT-4 Turbo'
Answered by
GPT-4 Turbo
c. Higher-income individuals are more likely to afford their standard of living and can afford to pay more in taxes.
Answered by
GPT-4 Turbo
You're welcome! If you have any more questions or need further assistance, feel free to ask. Happy to help!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.