Which type of tax policy has individuals who earn higher incomes pay a larger percentage of their income in taxes?
A) progressive taxation
B) regressive taxation
C) liberal taxation
D) conservative taxation

Question

Quizplus · Accepted Answer

Progressive taxation is a tax policy where individuals who earn higher incomes are required to pay a larger percentage of their income in taxes. This policy is based on the idea that individuals who earn more should contribute more to the government, as their ability to pay is higher. It is a fair policy as it ensures that the burden of paying taxes is shared proportionally and does not affect lower-income individuals disproportionately.

Which Type of Tax Policy Has Individuals Who Earn Higher