A tax where the rich pay proportionately higher taxes as a share of their income than the poor is also known as a(n)

Question

Quizplus · Accepted Answer

A progressive tax system is one in which the tax rate increases as the taxable amount increases. This means that those with higher incomes will pay a higher percentage of their income in taxes than those with lower incomes. This is often seen as a way to promote fairness and reduce inequality.

A Tax Where the Rich Pay Proportionately Higher Taxes as a Share