If you believe in the marginal utility theory-that an additional dollar of income is slightly less valuable to an individual than preceding dollars-then what form of taxation would you most likely support?

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Progressive taxation is a form of taxation that takes into account the marginal utility theory. It imposes a higher tax rate on individuals with higher incomes, which means that they will pay a larger percentage of their income in taxes than those with lower incomes. This recognizes the diminishing marginal utility of money, as those with higher incomes will feel less of a pinch from paying a larger percentage of their income in taxes. Ultimately, progressive taxation is a more equitable way to distribute the burden of taxation across society.

If You Believe in the Marginal Utility Theory-That an Additional