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A type of taxation in which people and businesses with higher income pay higher taxes is known as _______. A. regressive taxation. B.. . progressive taxation. C.. . flat taxation. D.. . federal taxation. .

User Gregseth
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The answer is B. Progressive taxation.
User Jahir Fiquitiva
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Answer:

B. progressive taxation.

Step-by-step explanation:

Progressive taxation consists of instituting taxes according to income level. In this type of taxation, people with lower incomes pay a lower rate and people with higher incomes pay a higher rate. This type of taxation imposes a higher tax burden on the rich. This is the opposite of regressive taxation, which consists in imposing a rate that decreases over time as the amount to be taxed increases. In this way the rich pay proportionally less than the poor.

User Rpy
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