The mythical country of Traviola imposes a tax based on the number of gold Tokens each taxpayer owns at the end of each year per the following schedule:

Traviola's Token tax is a

Question

The mythical country of Traviola imposes a tax based on the number of gold Tokens each taxpayer owns at the end of each year per the following schedule:
​
Traviola's Token tax is a

Quizplus · Accepted Answer

Traviola's Token tax is a progressive tax because the tax rate increases as the number of gold Tokens owned by the taxpayer increases. This means that those who have more gold Tokens will pay a higher percentage of their wealth in taxes than those with fewer Tokens, which is a characteristic of a progressive tax.

The Mythical Country of Traviola Imposes a Tax Based on the Number