Economics

Hello everyone!

Please read Chapter 18 on Taxes and complete the Last Word Question.

Last Word question :  Does a progressive tax system by itsself guarntee that resources will be redistrubuted from the rich to the poor? Explain. is the tax system in the United States progressive ,regressive , or proportional ? Does the tax- spedning system in the United Sates redistribute resources from the higher-income eaners to lower-income earners?

 Additionally,  in three full paragraphs, write your understanding of progressive, regressive and proportional tax along with choosing one State, Federal or Local tax and explain why it fits into one of the categories and why?

Define ability to pay and benefits received in your own words providing examples in two additional paragraphs.

There should be a totatl of atleast 5 paragraphs.