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Is the specified tax system progressive or regressive

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Reference no: EM131581432

Question: Consider the following table, which shows the total amount of taxes paid at different total income levels in a society. For each income level, calculate the effective tax rate. Is this tax system progressive or regressive? Explain.

Total income             Total taxes paid

$200,000                       $50,000

$100,000                       $22,000

$80,000                         $16,000

$50,000                          $8,000

$40,000                          $4,000

$20,000                          $1,000

Reference no: EM131581432

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