______________ tax rates increase as wealth and income increase.

Name: ______________ tax rates increase as wealth and income increase.
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Progressive tax rates increase as wealth and income increase. This means that those with higher incomes will pay a higher percentage of their income in taxes compared to those with lower incomes. This type of tax is often used to promote equity in the tax system, as it helps to redistribute wealth and reduce income inequality.

______________ Tax Rates Increase as Wealth and Income Increase