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.What must be true of the four marginal income-tax rates in order for the tax to be considered a "flat" tax?
A)they need to be zero
B)they need to be the same
C)they need to be constant
D)they need to gradually level out
E)they need to be smaller

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.What must be true of the four marginal income-tax rates in order for the tax to be considered a "flat" tax?
A)they need to be zero 
B)they need to be the same 
C)they need to be constant 
D)they need to gradually level out 
E)they need to be smaller

Quizplus · Accepted Answer

For a tax to be considered a "flat" tax, all marginal income-tax rates must be the same, meaning they are constant across all income levels.

The Figure Below Show a Simplified Version of the Current