Which of the following is correct with respect to the issue of government taxation?
A) Progressive revenue taxes are harder on low-income people than on high-income people.
B) Revenue taxes are designed primarily to encourage people to buy certain kinds of goods and avoid buying other kinds.
C) Restrictive taxes prevent businesses from expanding.
D) Regressive revenue taxes are levied at the same rate regardless of a person's income.
E) All of the statements are correct.

Question

Quizplus · Accepted Answer

Regressive revenue taxes are levied at a flat rate, meaning everyone pays the same rate regardless of their income level. This contrasts with progressive taxes, which increase in rate as an individual's income increases, making D the correct statement.

Which of the Following Is Correct with Respect to the Issue