Insulin is released from the beta cells in your pancreas in response to rising glucose in your bloodstream. After you eat a meal, any carbohydrates youâve eaten are broken down into glucose and passed into the bloodstream. The pancreas detects this rise in blood glucose and starts to secrete insulin.
A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. Regressive describes a distribution effect on income or expenditure, referring to the way the rate progresses from high to low, so that the average tax rate exceeds the marginal tax rate.
10. Generally, most economists feel that a _____type of income tax is a fairer way to raise government revenue than a sales tax. a. regressive. b. proportional. c. flat-rate. d. progressive. ANS: d. A progressive tax is argued to be fair because people with higher incomes pay more tax. 11. The federal personal income tax is an example of a (an) a. excise tax. b. proportional tax. c. progressive tax. d. regressive tax. ANS: c. Since the marginal tax rate increases with income, the federal ...