Overall,for the Canadian income tax system to be ________ we would want marginal tax rates to _______ as income ________.

Question

Quizplus · Accepted Answer

A progressive tax system is one in which the marginal tax rate increases as income increases. This means that higher-income earners pay a higher percentage of their income in taxes than lower-income earners. This is considered to be a more fair system, as it ensures that everyone contributes to the tax burden according to their ability to pay.

Overall,for the Canadian Income Tax System to Be ________ We