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A progressive income tax is preferable to a flat income tax because it ensures that individuals contribute to government revenue in proportion to their ability to pay. This system helps reduce income inequality by placing a heavier tax burden on higher earners, allowing for greater public investment in social services and infrastructure that benefit society as a whole. Additionally, progressive taxation can stabilize the economy by adjusting tax rates based on economic conditions, providing relief during downturns and supporting growth during expansions.
What else can I help you with?
Individual income tax rates are usually this of tax the higher the income the higher the tax rate?
Progressive
When the government implements programs such as progressive income tax rates what is likely to occur?
When the government inplement programs such as progressive income tax rates what ocurr.
In which strategy the consumer pays a higher tax rate as income increases?
progressive tax [novanet]
What type of tax strategy makes consumer pay higher tax rate as income increases?
A progressive tax strategy.
How do government policies affect income?
Government policies and programs, such as benefit programs and the progressive income tax, reduce income inequality.
What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
Is the federal income tax proportional progressive or regressive?
The federal income tax is progressive A tax that charges more for higher incomes
The federal income tax is a?
progressive tax
The federal income tax is a _____.?
progressive tax
Is an income tax a progressive shared proportional or regressive tax?
progressive shared
What type of tax is the federal income tax?
progressive tax
With this tax as income increase the amount of income tax also increase?
progressive
What tax as income increase the amount of income tax also increase?
progressive
With this tax as income increases the amount of income tax also increases.?
progressive
How is the federal income tax a progressive tax?
The Federal income tax is a progressive tax because the more a person makes in revenue, the more tax they will have to pay. The tax level or percentage is higher for those with a higher income, too.
What is the tax stratagy where the consumer pays a higher tax rate as income increases?
a "progressive tax" A "progressive" tax system. == ==
Which tax structure is used for federal income tax?
progressive tax
