A tax where the rich pay proportionately higher taxes as a share of their income than the poor is also known as what type of tax?

Name: A tax where the rich pay proportionately higher taxes as a share of their income than the poor is also known as what type of tax?
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

Progressive taxes are those in which the tax rate increases as the taxpayer's income increases. This means that the rich pay a higher proportion of their income in taxes than the poor.

A Tax Where the Rich Pay Proportionately Higher Taxes as a Share