The figure below show a simplified version of the current (2015)Canadian federal income-tax system.The marginal income-tax rates for the four ranges of income are 15%,22%,26%,and 29%,respectively. FIGURE 18-2
-Refer to Figure 18-2.This income-tax system can be characterized as
A)cumbersome.
B)fair.
C)progressive.
D)regressive.
E)proportional.

Question

The figure below show a simplified version of the current (2015)Canadian federal income-tax system.The marginal income-tax rates for the four ranges of income are 15%,22%,26%,and 29%,respectively.  FIGURE 18-2
-Refer to Figure 18-2.This income-tax system can be characterized as
A)cumbersome. 
B)fair. 
C)progressive. 
D)regressive. 
E)proportional.

Quizplus · Accepted Answer

A progressive tax system is one in which the tax rate increases as income increases. The marginal income-tax rates in this system increase as income increases, which means that it is a progressive system. This type of system is generally considered to be fair, as it places a greater burden on those with higher incomes, who are better able to afford it. Therefore, the best choice is C)progressive.

The Figure Below Show a Simplified Version of the Current