Progressive income taxes ________.

Question

Quizplus · Accepted Answer

Progressive income taxes are designed to reduce the income of richer people, who typically have more disposable income, and increase income and other resources for poorer ones who struggle to meet basic needs. This is achieved by imposing higher tax rates on those with higher incomes and lower rates on those with lower incomes, thereby resulting in a more equitable distribution of resources. Option A is incorrect because it reverses the intended effect of progressive taxes. Option B and D are incorrect because progressive taxes do not directly affect social status or social rank order, but rather aim to address income inequality.

Progressive Income Taxes ________