Asked by Bethany Hinkle on Apr 25, 2024

A tax rate that increases as the tax base increases is an example of what kind of tax rate structure?

A) Proportional.
B) Recessive.
C) Regressive.
D) Progressive.

Tax Rate Structure

The way tax rates progress from low to high based on income brackets, affecting how much tax individuals or entities owe.

Progressive

Referring to a tax system in which the tax rate increases as the taxable amount increases.

  • Grasp the concept of progressive, proportional, and regressive tax rate structures.