match each example with the type of tax it represents.\ncitizen a pays 20% on $50,000.\ncitizen b pays 15%…

match each example with the type of tax it represents.\ncitizen a pays 20% on $50,000.\ncitizen b pays 15% on $36,000.\ncitizen a pays 15% on $50,000.\ncitizen b pays 20% on $36,000.\ncitizen a pays 10% on $50,000.\ncitizen b pays 10% on $36,000.\nprogressive taxation\nproportional taxation\nregressive taxation
Answer
Brief Explanations:
- Proportional Taxation: In this system, the tax rate is the same for all income levels. For example, if Citizen A pays 10% on $50,000 and Citizen B pays 10% on $36,000, the tax rate (10%) is constant regardless of income.
- Regressive Taxation: Here, the tax rate decreases as income increases. When Citizen A pays 15% on $50,000 and Citizen B pays 20% on $36,000, the lower - income citizen (B) has a higher tax rate.
- Progressive Taxation: The tax rate increases with income. When Citizen A pays 20% on $50,000 and Citizen B pays 15% on $36,000, the higher - income citizen (A) has a higher tax rate.
Answer:
- Citizen A pays 10% on $50,000 and Citizen B pays 10% on $36,000: proportional taxation.
- Citizen A pays 15% on $50,000 and Citizen B pays 20% on $36,000: regressive taxation.
- Citizen A pays 20% on $50,000 and Citizen B pays 15% on $36,000: progressive taxation.