Question

Which tax is considered a progressive tax?(1 point)
Responses

excise taxes
excise taxes

property taxes
property taxes

federal income tax
federal income tax

sales taxes

Answer 1

The tax that is considered a progressive tax is **federal income tax**. In a progressive tax system, the tax rate increases as the taxable amount increases, meaning that higher-income individuals pay a larger percentage of their income in taxes compared to lower-income individuals.