Question
Personal income taxes have Blank______ rates and thus generate more-than-proportionate increases in tax revenues as GDP expands.
Multiple choice question.
regressive
progressive
flat
proportional
Multiple choice question.
regressive
progressive
flat
proportional
Answers
GPT-4o mini
The correct answer is **progressive**.
Progressive tax rates increase as income increases, leading to more-than-proportionate increases in tax revenues as GDP expands.
Progressive tax rates increase as income increases, leading to more-than-proportionate increases in tax revenues as GDP expands.