Answered

Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Get quick and reliable solutions to your questions from a community of experienced experts on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Which type of tax system has the same tax rate for all income levels?

A. Direct
B. Regressive
C. Progressive
D. Proportional

Sagot :

GinnyAnswer

Final answer:

A proportional tax system applies the same tax rate to all income levels, ensuring equality in tax payments.


Explanation:

A proportional tax system has the same tax rate for everyone regardless of income levels. This means that whether a person earns [tex]$20,000 or $[/tex]120,000, they would pay the same percentage of their income in taxes.

For example, in a flat tax system where the tax rate is 15%, both someone earning [tex]$30,000 and someone earning $[/tex]60,000 would pay $4,500 in taxes.

Proportional taxes are also known as flat taxes and are designed to ensure equality in tax payments among individuals.


Learn more about tax systems here:

https://brainly.com/question/30080832


Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.