Question

How does a progressive taxation system work?

Answer 1

The answer is C. In a progressive tax system, higher-income individuals will pay more in taxes than lower individuals. This is because the tax rate increases as taxable income rises. This is different from a regressive tax system in which high earners pay the same or less in taxes, a tax in which the rate of tax is higher on larger amounts of money: In a progressive tax system, rich people pay a higher percentage of their income as taxes than do poor people. Hope this helps!

Answer 2

In a progressive tax system, higher-income individuals will pay more in taxes than lower individuals. This is because the tax rate increases as taxable income rises. This is different from a regressive tax system in which high earners pay the same or less in taxes.

c

hope this helps