Taxes can have different effects on different income groups.Which type of tax takes a larger percentage of income from high-income groups than from low-income groups?

Question

Quizplus · Accepted Answer

Progressive taxes take a larger percentage of income from high-income groups than from low-income groups. This is because the tax rate increases as income increases, resulting in a greater proportion of income being taxed at higher rates for those with higher incomes.

Taxes Can Have Different Effects on Different Income Groups