Question: Question 39 Which statement is NOT correct? In a progressive income tax system with multiple income brackets and marginal tax rates, the government can attempt

Question 39

Which statement is NOT correct?

In a progressive income tax system with multiple income brackets and marginal tax rates, the government can attempt to increase revenues by:

a) lowering the income brackets.

b) raising the income brackets.

c) raising the marginal tax rates.

d) achieving a targeted rate of inflation that moves taxpayers into higher income brackets.

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