A new government proposes changes to the tax system. Under the new system, the government will take a larger proportion of a higher income than of a lower one. This form of taxation is known as ________.

Question

Quizplus · Accepted Answer

The new tax system proposed by the government is a progressive tax system, which means that individuals with higher incomes will pay a higher proportion of tax compared to those with lower incomes. Option A (straightforward tax) and Option D (ultimate tax) are not recognized forms of taxation, and Option B (flat tax) is a system where everyone pays the same percentage of their income regardless of their level of income, which is not what the question describes.

A New Government Proposes Changes to the Tax System