The federal personal income tax

A) has a regressive structure.
B) is actually less progressive than official tax schedules would indicate because of various tax exemptions and deductions.
C) has become extremely progressive as a result of taxpayers' being pushed into higher tax brackets by higher income levels.
D) has experienced substantial increases in rates during the past two years.

Federal Personal Income Tax

A tax levied by the federal government on the income of individuals, with rates varying based on income levels.

Tax Exemptions

Deductions allowed by law to reduce taxable income, often for specific categories of expenses or investments.

Progressive

Pertaining to a type of tax system where the tax rate increases as the taxable amount or income increases, often aimed at reducing income inequality.