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Yesterday, 12:18

If employees who make more money pay a higher percentage of their income to the government, this is known as what?

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Answers (2)
  1. Yesterday, 12:22
    0
    Answer;

    -Progressive tax

    Explanation;

    -According to this type of tax system, the taxes assessed are based on the taxable amount, and follow an increasing schedule. High-income earners pay more than low-income earners, and the tax rate, along with tax liability, increases as an individual or entity's wealth increases.

    -Therefore; higher earners pay a higher percentage of taxes and more money in taxes than do lower-income earners.
  2. Yesterday, 12:43
    0
    It is called progressive tax. in this case the tax rate increases as the taxable amount increases.
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