A country redesigned its tax policy so that the amount of taxes an individual paid was based on their earnings,with those earning more paying more in taxes.For example,an individual who makes $20,000 a year pays 3 percent in taxes an individual who makes $100,000 a year pays 10 percent.This is called
A)liberal taxation.
B)regressive taxation.
C)conservative taxation.
D)progressive taxation.

Question

Quizplus · Accepted Answer

This type of tax policy is known as progressive taxation, where the amount of taxes an individual pays increases with their income. This approach is based on the principle of ability to pay, where those who earn more contribute a higher percentage of their income toward taxes.

A Country Redesigned Its Tax Policy So That the Amount