In Problem 6-10, what was the individual's marginal state income tax rate in 2018? Did this individual
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In Problem 6-10, what was the individual's marginal state income tax rate in 2018? Did this individual experience proportional, progressive, or regressive taxation? Explain briefly.
Problem 6-10
Between 2020 and 2021, a small business owner's income increased from $200,000 to $220,000. The annual state income taxes that she paid increased from $5,000 to $5,500. What was her average state income tax rate in each year?
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