Jose pays a tax of $24,000 on his income of $60,000, while Richard pays a tax of $3,000 on his income of $30,000. This tax is:

Name: Jose pays a tax of $24,000 on his income of $60,000, while Richard pays a tax of $3,000 on his income of $30,000. This tax is:
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Question

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A progressive tax means that the more you earn, the higher percentage of your income you pay in taxes. In this scenario, Jose paid a higher percentage of his income in taxes compared to Richard, indicating that the tax system is progressive.

Jose Pays a Tax of $24,000 on His Income of $60,000