Which of the tables accurately describes the various tax types and how revenues are used for the public good?(1 point) Responses Type of Tax Description Revenue Use For Public Good Regressive Tax A tax where all levels of yearly income are taxed at the same rate Social Security and Medicare Progressive Tax A tax that does not change based on the taxpayer’s level of income Funding police and fire departments, and maintaining roads and schools Proportional Tax A sales tax based on a percentage of a consumer good Military and veteran services Type of Tax Description Revenue Use For Public Good Regressive Tax A tax where all levels of yearly income are taxed at the same rate Social Security and Medicare Progressive Tax A tax that does not change based on the taxpayer’s level of income Funding police and fire departments, and maintaining roads and schools Proportional Tax A sales tax based on a percentage of a consumer good Military and veteran services Type of Tax Description Revenue Use For Public Good Regressive Tax An estate tax based on a percentage of the estate’s value Social Security and Medicare Progressive Tax A tax where all levels of yearly income are taxed at the same rate Funding police and fire departments, and maintaining roads and schools Proportional Tax A tax based on the taxpayer’s ability to pay where higher tax rates apply to higher levels of income and a lower tax rate on lower-income earners Military and veteran services Type of Tax Description Revenue Use For Public Good Regressive Tax An estate tax based on a percentage of the estate’s value Social Security and Medicare Progressive Tax A tax where all levels of yearly income are taxed at the same rate Funding police and fire departments, and maintaining roads and schools Proportional Tax A tax based on the taxpayer’s ability to pay where higher tax rates apply to higher levels of income and a lower tax rate on lower-income earners Military and veteran services Type of Tax Description Revenue Use For Public Good Regressive Tax A tax based on the taxpayer’s ability to pay where higher tax rates apply to higher levels of income and a lower tax rate on lower-income earners Social Security and Medicare Progressive Tax A tax that does not change based on the taxpayer’s level of income Funding police and fire departments, and maintaining roads and schools Proportional Tax A tax where all levels of yearly income are taxed at the same rate Military and veteran services Type of Tax Description Revenue Use For Public Good Regressive Tax A tax based on the taxpayer’s ability to pay where higher tax rates apply to higher levels of income and a lower tax rate on lower-income earners Social Security and Medicare Progressive Tax A tax that does not change based on the taxpayer’s level of income Funding police and fire departments, and maintaining roads and schools Proportional Tax A tax where all levels of yearly income are taxed at the same rate Military and veteran services Type of Tax Description Revenue Use For Public Good Regressive Tax A tax that does not change based on the taxpayer’s level of income Social Security and Medicare Progressive Tax A tax based on the taxpayer's ability to pay where higher tax rates apply to higher levels of income and a lower tax rate on lower-income earners Funding police and fire departments, and maintaining roads and schools Proportional Tax A tax where all levels of yearly income are taxed at the same rate Military and veteran service

Answer 1

To evaluate the information provided in the tables, we need to correctly identify and categorize the types of taxes based on their definitions and how the revenues are used for the public good.

1. Regressive Tax: A tax that takes a larger percentage from low-income earners than from high-income earners. Common examples include sales tax and excise tax, which means that the tax does not depend on the taxpayer's income level.

2. Progressive Tax: A tax where the rate increases as the taxpayer's income increases. Individuals with higher incomes pay a higher percentage of their income in tax compared to those with lower incomes. This type of tax is often used for funding social services, education, and public infrastructure.

3. Proportional Tax (Flat Tax): A tax where the tax rate remains constant regardless of the income level. Everyone pays the same percentage of their income in taxes.

Here’s the comparison for the key terms regarding tax types and their revenue use:

• Regressive Tax: Revenue does not fund programs based solely on income level; focuses more on fixed charges (like sales taxes).
• Progressive Tax: Revenue typically goes to funding social programs, education, and services that benefit the public good.
• Proportional Tax: Often used for military and veteran services, where services benefit all at a consistent rate.

Evaluating the mixture of definitions and services from the tables presented, the most accurate descriptions belong to the fourth and fifth tables as they contain the correct descriptions for each tax type.

Thus, the best table is:

• Regressive Tax: A tax that does not change based on the taxpayer’s level of income (but rather hits lower income earners harder).
• Progressive Tax: A tax based on the taxpayer's ability to pay where higher tax rates apply to higher income levels.
• Proportional Tax: A tax where all levels of yearly income are taxed at the same rate.

Revenue for public goods varies by tax structure but is important for maintaining community services and infrastructures such as public safety and education.

If you are choosing one of the tables based on what correctly aligns with these definitions and usages, select a version that accurately refers to the progressive tax being based on ability to pay (higher rates for higher income) and the regressive tax not changing based on income (burdening lower salaries more heavily).