Andrew MOST likely replied with "Progressive." In a progressive tax system, higher-income earners pay a larger percentage of their income in taxes compared to lower-income earners, which redistributes income.
Andrew, a senior accountant, was holding a meeting with other accountants in his firm. The junior accountants asked what tax system in a market
economy redistributes income by taxing low-income and high-income earners at different rates. Which tax system did Andrew MOST likely reply?
(1 point)
O Equitable
O Regressive
O Self-employment
O Progressive
Bot GPT 4-o mini
answered2 hours ago
1 answer