What is a progressive tax?

O

A. A tax that charges more for higher incomes

B. A tax that reduces demand for harmful activities

O

C. A tax that pays for specific social programs

O

D. A tax that raises prices on imports

Question

History

Kipper

1 July, 09:56

What is a progressive tax?

O

A. A tax that charges more for higher incomes

B. A tax that reduces demand for harmful activities

O

C. A tax that pays for specific social programs

O

D. A tax that raises prices on imports

+4

Answers (2)

Know the Answer?

Trevin Hardy · Answer 1

Answer : A tax that charges more for higher incomes

Explanation:

A progressive tax is a tax in which the average tax rate (taxes paid : personal income) increases as the taxable amount increases. The term "progressive" refers to the way the tax rate progresses from low to high, with the result that a taxpayer's average tax rate is less than the person's marginal tax rate.

Mercedes Meyers · Answer 2

A tax that charges more for higher income

What is a progressive tax?OA. A tax that charges more for higher incomesB. A tax that reduces demand for harmful activitiesOC. A tax that pays for specific social programsOD. A tax that raises prices on imports

What is a progressive tax?

O

A. A tax that charges more for higher incomes

B. A tax that reduces demand for harmful activities

O

C. A tax that pays for specific social programs

O

D. A tax that raises prices on imports