Question

Question 3 (2 points)

What does a progressive taxation systemn do?
Ofunds social programs
Oraises prices on imports
O increases the tax rate as income rises

Answer 1

A progressive taxation system increases the tax rate as income rises in order to redistribute wealth and promote fairness.

Step-by-step explanation:

A progressive taxation system increases the tax rate as income rises. This means that individuals with higher incomes are taxed at a higher rate than those with lower incomes. The purpose of a progressive taxation system is to redistribute wealth and promote fairness in the tax system.

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