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.
The federal income tax is a progressive tax because -a higher income pays a higher percentage in taxes.
Question
Asked 9/20/2012 6:28:46 PM
Updated 8/28/2016 9:24:23 AM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Edited by
yumdrea [8/28/2016 9:24:22 AM]
Rating
There are no new answers.