Asked by
Brooke Denne
on Oct 25, 2024
Verified
A progressive tax:
A) takes a larger share of the income of high-income taxpayers than of low-income taxpayers.
B) takes a smaller share of the income of high-income taxpayers than of low-income taxpayers.
C) takes the same share of the income of high-income taxpayers as it does of low-income taxpayers.
D) has no deadweight loss.
Progressive Tax
A tax system in which the tax rate increases as the taxable amount increases, resulting in those who have higher incomes being taxed at a higher rate.
- Identify and differentiate between progressive, proportional, and regressive taxation systems.
Verified Answer
JD
Learning Objectives
- Identify and differentiate between progressive, proportional, and regressive taxation systems.