A _____ tax takes a larger share of the income of high-income taxpayers than of low-income taxpayers.

A) sales
B) regressive
C) progressive
D) flat

Question

A _____ tax takes a larger share of the income of high-income taxpayers than of low-income taxpayers.A) salesB) regressiveC) progressiveD) flat

Sydney Muller · Accepted Answer

Final Answer : C, Explanation :  A progressive tax system is based on the principle that those with higher incomes should pay a larger share of their income in taxes than those with lower incomes. This means that the tax rate increases as income increases, and therefore, high-income taxpayers would pay a larger share of their income in taxes compared to low-income taxpayers.

A _____ tax takes a larger share of the income of high-income taxpayers than of low-income taxpayers.

A) sales
B) regressive
C) progressive
D) flat

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Learning Objectives

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