A tax graduated so that people of higher incomes pay a larger fraction of their income than people of lower incomes is known as a ________ tax.

Name: A tax graduated so that people of higher incomes pay a larger fraction of their income than people of lower incomes is known as a ________ tax.
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Question

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A tax that is graduated and based on income, in which people of higher incomes pay a larger fraction of their income than people of lower incomes, is known as a progressive tax.

A Tax Graduated So That People of Higher Incomes Pay