A tax with higher rates applied to people with higher incomes is called:

Question

Quizplus · Accepted Answer

A progressive tax system is one where the tax rate increases as the taxable amount increases. This means that individuals with higher incomes are taxed at higher rates than those with lower incomes. This type of tax system is intended to be more equitable, as those who can afford to pay more are contributing a larger portion of their income towards public goods and services.

A Tax with Higher Rates Applied to People with Higher