Under a progressive tax system, tax payments will _____ if a person's income doubles.

Question

Quizplus · Accepted Answer

Under a progressive tax system, as a person's income doubles, their tax payments will increase by more than double. This is because progressive tax systems have higher tax rates for higher levels of income, meaning that as income increases, a larger portion of it is taxed at higher rates. Therefore, the increase in tax payments will be more than proportional to the increase in income.

Under a Progressive Tax System, Tax Payments Will _____ If