economics
posted by l .
in the nation of mortorania,taxpayer A earns $40,000 and pays $40,000 in taxes while taxpayer B earns $80,000 and pays 6,000 in taxes.is the tax system of mortorania progressive, proportional (flat), or regressive?

Question makes no sense, how could some one make $40,000 and pay $40,000 in taxes.
Respond to this Question
Similar Questions

Tax consequence
Corporation is a calendaryear taxpayer. All of the stock is owned by Fred. His basis for the stock is $35,000. On 3/1 (nonleap year), Corporation distributes $120,000 to Evan. Determine the tax consequences of the cash distribution … 
Economics
The marginal tax rate is defined as the extra taxes paid on additional income divided by the increase in income. Calculate the marginal tax rate for the proportional tax system as income rises from $50,000 to $100,000. Calculate the … 
Economics
The marginal tax rate is defined as the extra taxes paid on additional income divided by the increase in income. Calculate the marginal tax rate for the proportional tax system as income rises from $50,000 to $100,000. Calculate the … 
finance after tax profit margin
The ABC Corp. had net income before taxes of $400,000 and sales of $2,000,000. If it is in the 50% tax bracket its aftertax profit margin is: A. 5% B. 10% C. 20% D. 25% 400,000 take away 50% for taxes leaves 200,000. 200,000 aftertaxes … 
College Algebra
The value of the expression (4220 + 0.25 (x  30,650) is the 2006 federal income tax for a single taxpayer with taxable income of x dollars, where x is over $30,650 but not over $74,200. Simplify the expression; Find the amount of … 
algebra
124. Marriage penalty eliminated. The value of the expression 4220 + 0.25(x 30,650) is the 2006 federal income tax for a single taxpayer with taxable income of x dollars, where x is over $30,650 but not over $74,200. a) Simplify the … 
college
124. Marriage penalty eliminated. The value of the expression 4220 + 0.25(x 30,650) is the 2006 federal income tax for a single taxpayer with taxable income of x dollars, where x is over $30,650 but not over $74,200. a) Simplify the … 
economics
Suppose the income tax rate schedule is 0 percent on the first $10,000; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on any income over $70,000. Family A earns $28,000 … 
Personal Income Tax
Here is my homework problem that I need some help with: "A taxpayer is considering selling 100 shares of stock. The current market price is $7,500. Which shares should the taxpayer instruct the broker to sell, and what are the tax … 
statistics
The data set represents the income levels of the members of a country club. Estimate the probability that a randomly selected member earns at least $98,000. 112,000 126,000 90,000 133,000 94,000 112,000 98,000 82,000 147,000 182,000 …