Prentice Halls Federal Taxation 2015 Comprehensive
The Terms "Progressive Tax" and "Flat Tax" Are Synonymous.
The terms "progressive tax" and "flat tax" are synonymous.
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A proportional tax rate is one where the rate of the tax is the same for all taxpayers,regardless of income levels.
Regressive tax rates decrease as the tax base increases.
The marginal tax rate is useful in tax planning because it measures the tax effect of a proposed transaction.
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