Question

what is meant by progressive tax​

Answer 1

Answer:

A progressive tax is based on the taxpayer's ability to pay. It imposes a lower tax rate on low-income earners than on those with a higher income. This is usually achieved by creating tax brackets that group taxpayers by income ranges.

Answer 2

Progressive tax is the concept that a taxpayer should pay higher taxes if he earns more income and lower taxes if he earns less. In the U.S., people are taxed based on what tax brackets they fall into, with higher income ranges correlating to a higher percentage. Progressive taxes are the main tool used by governments to reduce income inequality.