What is a progressive tax?
O
A. A tax that charges more for higher incomes
B. A tax that reduces demand for harmful activities
O
C. A tax that pays for specific social programs
O
D. A tax that raises prices on imports

A progressive tax is a tax in which the average tax rate (taxes paid ÷ personal income) increases as the taxable amount increases. The term "progressive" refers to the way the tax rate progresses from low to high, with the result that a taxpayer's average tax rate is less than the person's marginal tax rate.

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What is a progressive tax? O A. A tax that charges more for higher incomes B. A tax that reduces demand for harmful activities O C. A tax that pays for specific social programs O D. A tax that raises prices on imports

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What is a progressive tax?
O
A. A tax that charges more for higher incomes
B. A tax that reduces demand for harmful activities
O
C. A tax that pays for specific social programs
O
D. A tax that raises prices on imports