Question

A tax structured so that people with the same income pay the same percentage of their income in taxes is called a (an)____________. a. flat tax. b. regressive tax. c. progressive tax. d. excise tax.

Answer 1

Answer:

c. progressive tax

Answer 2

Answer:

c. progressive tax

Explanation:

Progressive tax can be regarded as one of the tax structure whereby the tax payer that receive higher incomes in the state pay a higher share of taxes from the income they made, which is different from those that receive Lower income. It is a tax system whereby when there is increase in tax rate then the taxable amount increases too. It should be noted that the tax structured where people with the same income pay the same percentage of their income in taxes is reffered to as progressive tax. wealth/property tax is one of the example of progressive tax.