Explain how the progressive tax structure acts


Problem

Individual income tax rates vary from zero (if your income is low enough) to 35% (for high-income individuals). Explain how this progressive tax structure acts as an automatic stabilizer for the economy.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Explain how the progressive tax structure acts
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