An income tax system where higher tax rates are applied to increased amounts of income is called:
A)a regressive tax system.
B)a proportional tax system.
C)a progressive tax system.
D)a flat rate tax system.

Question

Quizplus · Accepted Answer

A progressive tax system is designed to have higher tax rates for higher levels of income. This means that individuals who earn more pay a higher percentage of their income in taxes. This is often implemented to create a more equitable tax system and promote income redistribution.

An Income Tax System Where Higher Tax Rates Are Applied