A progressive tax is a tax that
A) rises in percentage of income as income increases.
B) is a constant proportion of one's income.
C) falls in percentage of income as income increases.
D) is a fixed amount of tax regardless of income.

Question

Quizplus · Accepted Answer

A progressive tax is characterized by increasing tax rates as the taxpayer's income increases, meaning higher-income individuals pay a larger percentage of their income in taxes compared to lower-income individuals.

A Progressive Tax Is a Tax That