Use the data below to answer the following questions. Family Income Tax rate A $10000 20% B $50,000 4% C $100,000 2% Prepare a line graph to show a regressive tax or a progressive tax on different income groups. b. Analyse the tax structure chosen using the results from the graph.

Use the data below to answer the following questions. Family Income Tax rate A $10000 20% B $50,000 4% C $100,000 2% Prepare a line graph to show a regressive tax or a progressive tax on different income groups. b. Analyse the tax structure chosen using the results from the graph.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter11: Fiscal Policy And The Federal Budget

Section11.1: The Federal Budget

Problem 2ST

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Question

Use the data below to answer the following questions.

Family	Income	Tax rate
A	$10000	20%
B	$50,000	4%
C	$100,000	2%

Prepare a line graph to show a regressive tax or a progressive tax on different income groups.

b. Analyse the tax structure chosen using the results from the graph.

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