Question

A tax system in which the tax rate on everyone's first $10,000 of income is 10 percent, the tax rate on everyone's second $10,000 of income is 15 percent, and the tax rate on all income over $20,000 is 25 percent is a(n):

Answer 1

Answer:

The appropriate response is "Progressive tax".

Explanation:

• Progressive taxation appears to mean that the tax rate is higher for increased organizations as well as lower for low-income communities. Whenever the taxable income leads to higher, the above tax rate tends to increase.
• The approximately equal tax rate would be taxation that is set regardless including its up or down in tax liability.

So that above is the correct answer.