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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.
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Asked 5/6/2013 12:31:14 PM
Updated 11/8/2015 12:14:18 PM
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Flagged by alfred123 [11/8/2015 4:57:40 AM], Unflagged by jeifunk [11/8/2015 12:14:15 PM], Edited by jeifunk [11/8/2015 12:14:18 PM]
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The federal income tax is a progressive tax because: A higher income pays a higher percentage in taxes.
Added 11/8/2015 4:57:41 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [11/8/2015 12:14:19 PM]
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