Economy, asked by nitarai037, 6 months ago

define progressive taxes​

Answers

Answered by Anonymous
7

Answer:

A progressive tax is one where the average taxburden increases with income. High-income families pay a disproportionate share of thetax burden, while low- and middle-income taxpayers shoulder a relatively small taxburden.

Explanation:

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Answered by bhartigupta534
2

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ᴀ ᴘʀᴏɢʀᴇssɪᴠᴇ ᴛᴀx ɪs ᴀ ᴛᴀx ɪɴ ᴡʜɪᴄʜ ᴛʜᴇ ᴛᴀx ʀᴀᴛᴇ ɪɴᴄʀᴇᴀsᴇs ᴀs ᴛʜᴇ ᴛᴀxᴀʙʟᴇ ᴀᴍᴏᴜɴᴛ ɪɴᴄʀᴇᴀsᴇs. ᴛʜᴇ ᴛᴇʀᴍ ᴘʀᴏɢʀᴇssɪᴠᴇ ʀᴇғᴇʀs ᴛᴏ ᴛʜᴇ ᴡᴀʏ ᴛʜᴇ ᴛᴀx ʀᴀᴛᴇ ᴘʀᴏɢʀᴇssᴇs ғʀᴏᴍ ʟᴏᴡ ᴛᴏ ʜɪɢʜ, ᴡɪᴛʜ ᴛʜᴇ ʀᴇsᴜʟᴛ ᴛʜᴀᴛ ᴀ ᴛᴀxᴘᴀʏᴇʀ's ᴀᴠᴇʀᴀɢᴇ ᴛᴀx ʀᴀᴛᴇ ɪs ʟᴇss ᴛʜᴀɴ ᴛʜᴇ ᴘᴇʀsᴏɴ's ᴍᴀʀɢɪɴᴀʟ ᴛᴀx ʀᴀᴛᴇ.

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