How is the federal income tax a progressive tax?

2 answers:

6 0

A progressive tax is a tax where the value can increase based on the taxable amount. If a person has more money and climbs to a higher tax bracket, the tax increases.

VARVARA [1.3K]3 years ago

5 0

Although the overall federal taxsystem is progressive, with total federal tax burdens a larger percentage of incomefor higher-income households than for lower-income households, not all taxes within the federal system are equally progressive.

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1 year ago

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