The entire U.S. tax system is moderately:
A) flat.
B) progressive.
C) regressive.
D) value-added.

Question

Quizplus · Accepted Answer

The U.S. tax system is considered progressive because those with higher incomes pay a larger percentage of their income in taxes. In other words, the tax rate increases as income increases, resulting in a higher tax burden for the wealthy. This is achieved through a graduated income tax system, which taxes different levels of income at different rates. Additionally, the U.S. tax system also includes a number of deductions and credits for lower-income individuals and families, further reducing their tax burden.

The Entire U.S. Tax System Is Moderately