A progressive tax is one that takes:
A) a fixed percentage of income.
B) a lower percentage of income as income rises.
C) a higher percentage of income as income rises.
D) higher percentage of income as income falls.

Question

Quizplus · Accepted Answer

A progressive tax system is one where the tax rate increases as the income of the taxpayer increases. Therefore, as the income rises, a higher percentage of income is taken as tax. This is aimed at creating a more equitable tax system whereby those with higher incomes contribute a larger portion of their income towards government revenue.

A Progressive Tax Is One That Takes