Three countries have the following marginal tax rates: a. What type of tax system does each country
Question:
Three countries have the following marginal tax rates:
a. What type of tax system does each country have?
b. What taxes will a person earning $15,000 pay in each country?
What is the person’s average tax rate? Marginal tax rate?
c. What taxes will a person earning $25,000 pay in each country?
What is the person’s average tax rate? Marginal tax rate?
Transcribed Image Text:
Marginal Tax Rate Income Levels 0-$10,000 $10,000- $20,000 $20,000- $30,000 Country A 10% 20% 30% Countries Country B 20% 20% 20% Country C 30% 20% 10%
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