What is the justification of the progressive taxation method?
The progressive taxation method is a tax system where the rate you are taxed increases with your income. Under a progressive tax system, a person making more money is taxed at a higher percentage than someone who makes less money than them. The United States uses a progressive tax system today. Do you think this is fair? When it was first introduced, there were many arguments for and against this taxation method.
Answer and Explanation:
Those in favor of this method say that the progressive taxation method is best because it creates more equality. First, money is redistributed from...
See full answer below.
Learn more about this topic:
from Business Law: Help and ReviewChapter 23 / Lesson 21
Related to this Question
Become a member and unlock all Study Answers
Try it risk-free for 30 days!Try it risk-free
Ask a question
Our experts can answer your tough homework and study questions.Ask a question Ask a question
Explore our homework questions and answer library
Our tutors are standing by
Ask a study question and one of our experts will send you an answer within hours.
To ask a site support question, click here
Your question has been submitted!
When your answer is ready, it will appear on your Dashboard.