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Create a scenario that exemplifies one of the following tax rate structures: What is Progressive tax rate? Regressive? Proportional?

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Finance

Create a scenario that exemplifies one of the following tax ratestructures:

What is Progressive tax rate?

Regressive?

Proportional?

Answer & Explanation Solved by verified expert
3.9 Ratings (776 Votes)
A progressive tax rate is one where the average tax rateincreases as the taxable income increases For example A regressive tax rate is one where the average    See Answer
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