Question

if government tax policy requires peter to pay $15,000 in tax on annual income of $200,000 and paul to pay $10,000 in tax on annual income of $100,000, then the tax policy is:

Answer 1

If government tax policy requires peter to pay $15,000 in tax on annual income of $200,000 and Paul to pay $10,000 in tax on annual income of $100,000, then the tax policy is: regressive.

What is tax ?

• Taxes refer to a mandatory contributions collected by  government agencies from businesses.
• Tax revenues fund government activities, such as public works and services such as roads and schools, and programs such as Social Security and Medicare.
• Collecting taxes and fees is a fundamental way  to generate public revenues that enable countries to fund investments in human capital, infrastructure, and the provision of services to citizens and businesses. .
• Derived from the Latin taxare, meaning "to assess".
• Prior to that,  the related word "task" was used in English from Old French.
• For some time both "tasks" and "taxes" were  in common use, the former requiring labor and the latter requiring money.
• "Control" then came to mean tiring or challenging.

To learn more about tax from the given link :

brainly.com/question/16423331

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