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What is a progressive tax?

  • Question 6a of 10 - Taxes

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: What is a progressive tax?
  • Answers:
  1. A tax that raises prices on imports
  2. A tax that pays for specific social programs
  3. A tax that charges more for higher incomes
  4. A tax that reduces demand for harmful activities

The correct answer is: A tax that charges more for higher incomes. Progressive taxation is based on the ability-to-pay principle, so more taxes are charged to those with greater incomes.

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