Suppose an income tax is imposed that takes $1,000 from someone with an income of $20,000; $4,000 from someone with an income of $30,000; and $12,000 from someone with an income of $80,000.This tax would be classified as

Question

Quizplus · Accepted Answer

This tax structure takes a larger fraction of income as income rises, which fits the description of a progressive tax.

Suppose an Income Tax Is Imposed That Takes $1,000 from Someone