the federal income tax is a ____ tax because the higher the income a person has,the higher the percentage that person pays in ta

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Shtirlitz [24]

3 years ago

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the federal income tax is a ____ tax because the higher the income a person has,the higher the percentage that person pays in ta

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1 answer:

Ad libitum [116K] · Answer 1 · 2022-01-25T06:57:45+03:00

The Federal Income Tax is a PROGRESSIVE TAX, Because, The higher the income a person has, The higher the percentage that person pays in tax.

Explanation of What's a Progress Tax's Perentage is:

A Progressive Tax's Percentage is dependent upon the Income Bracket you are in. Therefore, if you are in a higher income bracket, this means, you earn more. However, you would pay a much higher percentage, than someone in the lower income bracket. This is why it is called a, "Progressive Tax", Because, it gets progressively bigger.

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