Economics · Public Finance
Which of the following statements is true regarding a progressive tax system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The tax rate remains constant regardless of income.
- 2The tax rate decreases as income increases.
- 3The tax rate increases as income increases.✓
- 4The tax rate is completely independent of income.
Correct answer
The tax rate increases as income increases.
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