Homework Answers
High Income family
Tax= 37%*500000=$185000
After tax income=500000-185000=$315000
Middle income family
Tax=20%*50000=$10000
After tax income=50000-10000=$40000
Low income family
Tax=10%*20000=$2000
After tax income=20000-2000=$18000
Before tax income of high income family/ before tax income of low income family =500000/20000=25
After tax income of high income family/after tax income of low income family =315000/18000=17.5
Since after tax income ratio is lower tax is progressive.
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