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4 years ago

Whom do progressive taxes asses

Business

2 answers:

grin007 [14]4 years ago

6 0

Answer

Hi,

Progressive tax assesses a taxpayer’s ability to pay. Higher rates are on the wealthy than on the poor.

Explanation

Those considered poor according to a country’s definition have families who spend larger shares of their income on the cost of living thus all money they earn is needed to afford basic needs thus face a decreased progressive tax. On the other hand, the progressive tax imposed on wealthy individuals decrease their abilities to purchase more luxury items or invest in stock.

Hope this helps!

grigory [225]4 years ago

3 0

Answer: C. A large percentage of hgh income households and organizations

Explanation:

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3 years ago

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