Economy, asked by lovely30mishra, 10 months ago

what are progressive tax???? explain in detail with example????? ​

Answers

Answered by michaeljohnjohn85
0

Explanation:

A progressive tax is one that charges a higher tax rate for people who earn a higher income. ... For example, if one tax code has a low rate of 10 percent and a high rate of 30 percent, and another tax code has income tax rates ranging from 10 to 80 percent, the latter is more progressive.

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