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Unformatted text preview: €31 Aplla: Student Question X (- C IG) courses,apl'Ia.com/af/servIetjquiz?qu'Iz_actIon=takeQuiz&quiz_probGuId=QNAPCOABOIO1GOOOOOEBBbScEOOGUOOGS-Ictx=gcassZ-000854ck:1_1438777584293_0AAAGBAF0159C6D43D586DC '? {II E Apps 5 Google 33 Outlook Web App n University oflllinoisi m Blackboard Learn E Dayfarce| HCM D Residence life- Sluc- D Enterprise Authentic:- D CengageBrairI - LDgII' » I Other bookmarks Attempts: Average: 1' 3 3. Tax base and tax structure A3 A3 2. Consider an economy In which the government has devised three tax plans. The following table summarlzes each tax proposal and Its structure. Note that indlvlduals pay \$1) In tax If they don‘t own a house. Average Tax Rate House Value Plan B so u \$100,000 3% 10% \$100,001 ~ \$200,000 3% 12.5% \$200,001 _ \$300,000 3% 15% \$300,001 — \$400,000 3% 17.5% \$400,001 _ \$500,000 3% 19% All three tax plans are based on the value of the house an Individual owns , 0n the following graph, use the orange oolnts (square symbol) to plot the tax schedule for Plan 5. Plot poInts From Ielt to rloht a: Increments of \$100,000 of house value. Rememher to plot a polo: for a house value of 50, so that you end up with six points in total. Llne segments wlll automatlcalty connect the oomts, TAX [Thousands of dollars] ‘IDD Tax Schedule 4: Sess ion Tune out ...
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