A progressive tax system is a system where the tax rate increases as the amount of the taxable base increases as well.
To know more about progressive taxes, visit the link below:
http://en.wikipedia.org/wiki/Progressive_tax
the progressive tax system is the ideal one because it would not be unfair to the people whose income are less because the more you earn, the higher your tax rate.So it means that people who earn less will pay less tax rate while those people who earn more will pay more tax rate. That's the good thing about progressive tax system.
increases
a tax system that takes a larger proportion of income from high income people than from low income people
This is a progressive tax system. Those with the most money will have to pay the most in taxes. This is the system used in America.
progressive shared
a tax system that takes a larger proportion of income from high-income people than from low-income people
A progressive tax system is one in which tax rates increase as taxable income increases. This means that individuals with higher incomes are taxed at higher rates, while those with lower incomes are taxed at lower rates. The goal of a progressive tax system is to redistribute wealth and promote economic equality.
a "progressive tax" A "progressive" tax system. == ==
a tax system that takes a larger proportion of income from high-income people than from low-income people
Homework questions are really best answered by referring to your class materials. What is the definition of progressive VS regressive...and how is the gift tax applied?
the progressive tax system is the ideal one because it would not be unfair to the people whose income are less because the more you earn, the higher your tax rate.So it means that people who earn less will pay less tax rate while those people who earn more will pay more tax rate. That's the good thing about progressive tax system.
it increases the tax as income rises
It increases the tax rate as income rises.
increases
What is Progressive Tax Structure
No. Most gasoline tax in not progressive. It is a tax per gallon.
a tax system that takes a larger proportion of income from high income people than from low income people