Illustrate what are the correesponding average tax rates

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Reference no: EM1360039

any tax schedule embodies two types of tax rates: average tax rates and marginal tax rates. Average tax rate is defined as total taxes paid divided by income. For the proportional tax system presented in table 7, what are the The average tax for people earning $50,000, $100,000 and $200,000? Illustrate what are the correesponding average tax rates in the regressive and progressive tax systems?

Reference no: EM1360039

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