Annual incomes of James, Jack, and Stanley are $30,000, $50,000, and $80,000 and their tax rates are 10 percent, 20 percent, and 30 percent respectively.Which tax structure is this an example of?
A)Proportional tax
B)Progressive tax
C)Regressive tax
D)Digressive tax

Question

Quizplus · Accepted Answer

This is an example of a progressive tax structure, where tax rates increase as income increases.

Annual Incomes of James, Jack, and Stanley Are $30,000, $50,000