Answered

Question 5 (1 point)
Saved
Lydia is trying to figure out how the tax system works. Which statement is true about
taxes in the United States?
a) Only the federal government requires you to pay taxes.
b) The percentage you pay in income taxes progressively increases as your
earnings increase.
c) All states require you to pay the same sales tax on items you purchase.
d) Property taxes decrease as the value of the property goes up.

Verified Answer :

GinnyAnswer

Final answer:

The true statement about taxes in the United States is that the percentage you pay in income taxes progressively increases as your earnings increase.


Explanation:

The statement that is true about taxes in the United States is:

  1. b) The percentage you pay in income taxes progressively increases as your earnings increase.

This means that as your income rises, you enter higher tax brackets where you pay a higher percentage of your income in taxes.


Learn more about Taxation in the United States here:

https://brainly.com/question/40728257


Related Questions