Question

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

excise taxes
excise taxes

sales taxes
sales taxes

property taxes
property taxes

federal income tax
federal income tax

Answer 1

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