Progressive revenue taxes charge a higher rate on higher-income taxpayers and at a lower rate on lower-income taxpayers.

Name: Progressive revenue taxes charge a higher rate on higher-income taxpayers and at a lower rate on lower-income taxpayers.
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Question

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Progressive taxes are designed to increase the tax rate as the taxable amount increases, meaning higher-income earners pay a larger percentage of their income in taxes compared to lower-income earners.

Progressive Revenue Taxes Charge a Higher Rate on Higher-Income Taxpayers