Question
High income = higher taxes is an example of what?
A) regressive tax
B) progressive tax
C) proportional tax
A) regressive tax
B) progressive tax
C) proportional tax
Answers
GPT-4o mini
B) progressive tax
A progressive tax system increases the tax rate as the taxable amount increases, meaning higher incomes are taxed at higher rates.
A progressive tax system increases the tax rate as the taxable amount increases, meaning higher incomes are taxed at higher rates.