An income tax system where higher tax rates are applied to increased amounts of income is called a:
A)regressive tax system.
B)proportional tax system.
C)progressive tax system.
D)flat tax system.

Question

Quizplus · Accepted Answer

A progressive tax system is one where higher tax rates are applied to increased amounts of income. This means that those with higher incomes pay a higher percentage of their income in taxes, while those with lower incomes pay a lower percentage. This is often seen as a way to promote greater income equality and help redistribute wealth.

An Income Tax System Where Higher Tax Rates Are Applied