Our current personal income tax system is progressive: income tax rates rise with rising incomes and are lower for low-income individuals. some policymakers have favored a “flat tax” as a replacement to our modestly progressive income tax system. most exemptions and deductions would be eliminated, and a single low tax rate would be applied to personal income. would such a change in the tax laws alter the automatic stabilization characteristics of the personal income tax?

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

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