Question

Question 3 (2 points)

What does a progressive taxation system do?
funds social programs
raises prices on imports
increases the tax rate as income rises

Answer 1

A progressive taxation system increases the tax rate as income rises.

Step-by-step explanation:

A progressive taxation system increases the tax rate as income rises. In this system, individuals with higher incomes pay a larger percentage of their income in taxes compared to those with lower incomes. This is done to achieve greater income equality and redistribute wealth.

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