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The progressive nature of the tax system tends to increase the advantage of income splitting.

User Franklyn
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Final answer:

A progressive tax system collects a greater share of income from high-income individuals, making income splitting advantageous for tax purposes.

Step-by-step explanation:

The progressive nature of the tax system tends to increase the advantage of income splitting.



A progressive tax system is one in which the wealthy individuals pay a higher percentage of their income in taxes compared to those with lower incomes. This system aims to collect a greater share of income from those with higher incomes.



Income splitting refers to the strategy of dividing income between family members to reduce the overall tax burden. In a progressive tax system, income splitting can be advantageous because it allows high-income earners to distribute a portion of their income to lower-income family members, who would be taxed at a lower rate.

User MrVoid
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