Answered

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A tax that varies based on income is called a(n)

A. elective tax
B. progressive tax
C. regressive tax
D. sales tax

Sagot :

GinnyAnswer

Final answer:

In Social Studies, high school students learn about progressive taxes, regressive taxes, and income tax structures.


Explanation:

Progressive tax is a tax where the tax rate increases as the taxable base amount increases, aiming to reduce the tax burden on lower-income individuals and shift it to those with higher incomes. An example is when a tax system divides earners into brackets, with each bracket paying a different tax rate based on income levels.

Regressive tax, on the other hand, is a tax system where poorer families pay a higher tax rate, which some argue includes sales tax. In a regressive tax system, lower-income individuals end up paying a higher proportion of their income in taxes compared to higher-income earners.

Income tax can be structured as regressive, proportional, or progressive, with most current systems being progressive, meaning higher-income individuals are taxed at higher rates.


Learn more about Types of Taxes here:

https://brainly.com/question/30107255


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