Question: Consider the following tax rate structure. Is it horizontally equitable? Why or why not? Is it vertically equitable? Why or why not? Consider the following

Consider the following tax rate structure. Is it horizontally equitable? Why or why not? Is it vertically equitable? Why or why not? Consider the following tax rate structure. Would it be best described as proportional, progressive, or regressive? Why? Is it vertically equitable? Why or why not? Consider the following tax rate structure. Would it be best described as proportional, progressive, or regressive? Why? Is it vertically equitable? Why or why not

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