What type of tax system does the united states use
Asked by admin @ in Business viewed by 294 People
What type of tax system does the United States government use to collect income taxes?
O Federal
O Regressive
O Progressive
O Proportional
Asked by admin @ in Business viewed by 294 People
What type of tax system does the United States government use to collect income taxes?
O Federal
O Regressive
O Progressive
O Proportional
Answered by admin @
Answer:
The answer is option 3:
Progressive
Explanation:
The overall federal tax system is progressive, with total federal tax burdens a larger percentage of income for higher-income households than for lower-income households.
Individual income taxes are an example of progressive tax structure.
Progressive tax are the tax for which the percentage of income paid in taxes increases as income increases.
A tax determined by an individual's income from all sources are called Individual income tax.
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