The figure below show a simplified version of the current (2012)Canadian federal income- tax system.The marginal income- tax rates for the four ranges of income are 15.5%,22%,26%,and 29%,respectively.
FIGURE 18- 2
-Refer to Figure 18- 2.This income- tax system can be characterized as

Question

The figure below show a simplified version of the current (2012)Canadian federal income- tax system.The marginal income- tax rates for the four ranges of income are 15.5%,22%,26%,and 29%,respectively.
  FIGURE 18- 2
-Refer to Figure 18- 2.This income- tax system can be characterized as

Quizplus · Accepted Answer

The tax system is progressive because as income increases, the marginal tax rate also increases. This means that those with higher incomes pay a higher percentage of their income in taxes compared to those with lower incomes.

The Figure Below Show a Simplified Version of the Current