Andrew most likely replied "Progressive" tax system. A progressive tax system taxes high-income earners at higher rates than low-income earners, thereby redistributing 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) Responses Equitable Equitable Regressive Regressive Self-employment Self-employment Progressive.
1 answer
1 answer