A tax that takes a higher percentage of income as income rises is called a(n)

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A tax that takes a higher percentage of income as income rises is called a(n)

A tax that takes a higher percentage of income as income rises is called a(n)

▸ value-added tax.

▸ excise tax.

▸ proportional tax.

▸ regressive tax.

▸ progressive tax.

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Microeconomics

Edition: 17^th

Author: Ragan

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