Which of the following is an example of a progressive tax?

Name: Which of the following is an example of a progressive tax?
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Question

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A progressive tax is one where the tax rate increases as the taxable amount increases. The income tax fits this definition, as higher income individuals pay a higher percentage of their income in taxes. Payroll tax, excise tax, gas tax, and cigarette tax are all examples of regressive taxes where the tax rate remains the same regardless of income, making them less progressive.

Which of the Following Is an Example of a Progressive