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Progressive tax: Quiz


Question 1: In the ________, there are six "tax brackets" ranging from 10% to 35% used to calculate the percentage of taxable income (of individuals).
United StatesPhilippinesAlaskaCanada

Question 2: The key concept of progressive ________ is that income is considered in different steps, where income earned between certain points will be taxed at a certain rate.
Income taxProgressive taxPayroll taxTax haven

Question 3: A study from the libertarian Institute for Policy Innovation, which aims to reduce government intervention in the economy, has concluded that progressive taxes fail to decrease real ________.
Economic inequalityEconomicsCapitalismInternational inequality

Question 4: Using exemptions, graduated rates, deductions, credits or rebates, a ________ can be made less regressive or progressive, while allowing savings to accumulate tax-free.
Land value taxProgressive taxGovernment debtConsumption tax

Question 5: ________
Tax revenue as % of GDP
Government budget by countryTax rates around the worldValue added taxTax haven

Question 6: The term is frequently applied in reference to personal ________, where people with more disposable income pay a higher percentage of that income in tax than do those with less income.
Income taxPayroll taxProgressive taxTax haven

Question 7: A progressive tax reduces ________, which has been reported to have a number of societal benefits, such as lower homicide rates at all income levels.
International inequalityEconomicsEconomic inequalityCapitalism

Question 8: In a ________, the larger an investment is, the higher its rate of return.
Mixed economyMarket economyAnarchist economicsSocial market economy

Question 9: A progressive tax is a ________ by which the tax rate increases as the taxable base amount increases.
ExciseIncome taxTax havenTax

Question 10: This article is part of the series:
________ and Taxation
FinanceDebtBond (finance)Financial market


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