Question No 54:
In Country Y, A earns $75,000 profit for the year and receives a tax bill for $17,000. B earns $44,000 profit for the year and receives a tax bill for $4,800. Country Y’s income tax could be said to be a:
A. Regressive tax
B. Proportional tax
C. Progressive tax
D. Fixed rate tax
Answer: C
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