Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Whom do progressive taxes assess? A. A large percentage of high-income households only
B. Only a large percentage of organizations
C. A large percentage of high-income households and organizations
D. A large percentage of low-income households
E. A small percentage of high-income households
The correct answer is E. A small percentage of high-income households.
A progressive tax system is designed so that individuals with higher incomes pay a larger percentage of their income in taxes compared to those with lower incomes. This means that the tax burden increases as income increases, which often affects a smaller percentage of households who are at the higher end of the income scale. This helps to reduce income inequality by requiring those who can afford to contribute more to society through taxes.
If you’d like more detailed information about progressive taxes, feel free to check the extended services page for further help!