The second proposal we ll consider is a modified flat tax

Last updated: 2/5/2023

The second proposal we ll consider is a modified flat tax plan where everyone only pays taxes on any income over 20 000 So everyone in group A will pay no taxes Everyone in group B will pay taxes only on 9 000 1 Determine the total taxable income for the whole population Show your work 2 Determine what flat tax rate would be necessary to collect enough money in this modified system Remember the government needs 800 000 Show work 3 What are the pros and cons for this plan 4 Complete this table with the data for both the plans I will include a Word document on D2L with all of the following tables to help you with this part You should be able to copy and paste into your project document