What type of tax is an income tax?

Social Studies

1 answer:

AfilCa [17]3 years ago

8 0

Answer:

Explanation:

Income tax brackets are progressive, meaning that the greater the income, the higher the rate of taxation. An income tax is a tax imposed on individuals or entities that varies with respective income or profits. Income tax generally is computed as the product of a tax rate times taxable income. Federal income taxes are used to provide for national programs such as national defense

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Explanation:

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