A ________ tax system is one in which tax rates increase with taxable base incomes.

Question

Quizplus · Accepted Answer

A progressive tax system is one in which tax rates increase as the taxable base income increases. This means that individuals with higher incomes will pay a higher percentage of their income in taxes than those with lower incomes. This system is meant to promote a fairer distribution of the tax burden and help reduce income inequality.

A ________ Tax System Is One in Which Tax Rates