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April 24, 2014

Homework Help: Economics

Posted by Anonymous on Monday, June 4, 2012 at 9:28pm.

What happens to the percentage of an income that is taxed when income rises and the tax is a proportional one?

A. The percentage of tax falls.

B. The percentage of tax rises.

C. The percentage rises and then falls.

D. The percentage of tax stays the same.

I'm guessing the tax will also rise . so I'm going with B?

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