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25 November, 11:30

How is the federal income tax a progressive tax?

A. The higher the income a person has, the higher the percentage that person pays in tax.

B. A person with a higher income pays more tax, but the percentage is less.

C. Two married people who file their taxes together will pay more taxes than a single person will.

D. Children pay no taxes, regardless of whether they earn a large income.

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  1. 25 November, 11:49
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    A progressive tax takes a larger percentage of income from high-income groups than from low-income groups and is based on the concept of ability to pay. A progressive tax system might, for example, tax low-income taxpayers at 10 percent, middle-income taxpayers at 15 percent and high-income taxpayers at 30 percent.
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