Individual income taxes are mildly________, meaning the rate goes up with income.

Question

Quizplus · Accepted Answer

Progressive taxes mean that as an individual's income increases, the percentage of their income paid in taxes also increases. This is in contrast to a flat tax, where everyone pays the same percentage regardless of income, or a regressive tax, where the percentage decreases as income increases. Mildly means that the rate increase is not drastic, but still follows the progressive principle.

Individual Income Taxes Are Mildly________, Meaning the Rate Goes Up