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Q: Why is the federal income tax a progressive tax? A. A higher income has more deductions. B. A higher income pays a lower rate. C. Corporations can lower their taxable income. D. A higher
income pays a higher percentage in taxes.
A: Why is the federal income tax a progressive tax? D. A higher income pays a higher percentage in taxes. The federal income tax is what the federal government takes out of your annual income as a tax. A progressive tax is that as you make more money you pay a higher percentage of your income. Really poor people don't pay taxes and as you make more money you pay a higher percentage of your
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Asked 12/5/2012 10:47:49 PM
Updated 12/5/2012 11:22:50 PM
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Why is the federal income tax a progressive tax?
D. A higher income pays a higher percentage in taxes.

The federal income tax is what the federal government takes out of your annual income as a tax. A progressive tax is that as you make more money you pay a higher percentage of your income. Really poor people don't pay taxes and as you make more money you pay a higher percentage of your taxable income.
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Added 12/5/2012 11:22:50 PM
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