A tax system in which taxpayers pay a progressively larger share of their income in taxes as their income rises is called:

Question

Quizplus · Accepted Answer

A progressive tax system is one in which taxpayers pay a higher percentage of their income in taxes as their income increases. This is based on the principle of ability to pay, where those who earn more are expected to contribute a larger share of their income to support government programs and services.

A Tax System in Which Taxpayers Pay a Progressively Larger