The marginal rate of a new tax increases by 1% for every $10,000 increase in income.Such a tax is considered

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A marginal tax is considered progressive when the tax rate increases as income increases. In this case, the marginal rate increases by 1% for every $10,000 increase in income, which means that those with higher incomes will pay a higher percentage of their income in taxes than those with lower incomes. This is a progressive tax system, which is often considered fairer because it places a greater burden on those who can afford it while providing more benefits to those who need them.

The Marginal Rate of a New Tax Increases by 1