2. the same tax rate applies to all income receivers, so that the rich pay absolutely more taxes than the poor.
3. entrepreneurial income is exempt from taxation.
4. the revenues it yields are spent on transfer payments.
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Home » Business » A progressive tax is such that 1. tax rates are higher the greater one's income. 2. the same tax rate applies to all income receivers, so that the rich pay absolutely more taxes than the poor. 3. entrepreneurial income is exempt from taxation. 4.