31. A tax that imposes higher tax rates on higher levels of income is: a. proportional b. progressive c. regressive 32. The social security tax: a. is the second largest source of federal tax revenue b. is a progressive tax c. Both of the above d. Neither of the above 33. Excess burden: a. is the amount that the burden imposed by a tax exceeds the funding provided by the tax b. does not occur with most taxes c. is not significant with the federal personal income tax d. All of the above 34. The federal personal income tax: a. is extremely complicated b. costs the government billions of dollars to collect c. costs the taxpayers billions of dollars to comply with d. All of the above 35. Making the federal personal income tax rate structure less progressive: a. would make the distribution of income more unequal b. would decrease the amount of deadweight loss c. Both of the above d. Neither of the above
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A tax that imposes higher tax rates on higher levels of income is: a. progressive This is because a progressive tax system means that as income increases, the tax rate also increases. Show more…
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