Answer to Question #316510 in Macroeconomics for KGAO

Question #316510

A tax system is progressive if …


1
Expert's answer
2022-03-23T14:01:39-0400

Higher tax rates are imposed to those with higher income or more wealth, so that those who earn or have more are taxed at a higher rate. Personal income tax based on graduated scales where the tax rate goes up as income level rises is probably the clearest example of progressivity.


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