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What does a progressive taxation system do?
Responses
funds social programs
funds social programs
increases the tax rate as income rises
increases the tax rate as income rises
creates government corporations
creates government corporations
raises prices on imports
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Increases the tax rate as income rises.
Explanation: A progressive tax system imposes higher tax rates on higher income brackets, so people with greater income pay a larger percentage of their income in taxes.
Explanation: A progressive tax system imposes higher tax rates on higher income brackets, so people with greater income pay a larger percentage of their income in taxes.
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