Question

Which type of text takes a larger proportion of money from people who make more money?

A
fair tax

B
progressive tax

C
proportional tax

D
regressive tax

Answer 1

B: progressive tax

Step-by-step explanation:

A progressive tax exacts a higher tax rate on high-income earners. The taxpayer's income is the basis for the tax rate. Under the progressive tax system, income levels are grouped into tax brackets. Taxpayers in a low-income bracket will have a low tax rate compared with those in the higher-income bracket. It means the wealthy will pay more taxes compared to the poor. The more the income, the higher the taxes paid.