Question

A type of taxation in which people and businesses with higher income pay higher taxes is known as _______. A. regressive taxation. B.. . progressive taxation. C.. . flat taxation. D.. . federal taxation. .

Answer 1

The answer is B. Progressive taxation.

Answer 2

B. progressive taxation.

Step-by-step explanation:

Progressive taxation consists of instituting taxes according to income level. In this type of taxation, people with lower incomes pay a lower rate and people with higher incomes pay a higher rate. This type of taxation imposes a higher tax burden on the rich. This is the opposite of regressive taxation, which consists in imposing a rate that decreases over time as the amount to be taxed increases. In this way the rich pay proportionally less than the poor.