A tax where wealthy people pay a larger percentage of their income than poor people is known as a(n):

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A progressive tax system is one where individuals with higher income pay a higher percentage of their income in taxes than individuals with lower income. This is the opposite of a regressive tax system where individuals with lower income pay a higher percentage of their income in taxes. A flat tax system is where everyone pays the same percentage of their income in taxes, while a proportional tax system is where everyone pays the same dollar amount in taxes regardless of their income level. An excise tax is a tax on specific goods or services like gasoline, tobacco, or alcohol.

A Tax Where Wealthy People Pay a Larger Percentage of Their