Is the United States tax rate progressive?

4 ⤊

Is the United States tax rate progressive?

2007-01-25 16:43:34 · 2 answers · asked by Valerie D 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

yes. A progressive tax system is one where the tax percentage we pay is based on how our income. Highe taxable income results in a higher tax rate.

2007-01-25 16:49:07 · answer #1 · answered by Brad S 2 · 4⤊ 0⤋

the federal income tax rate goes up depending on your salary...economists call it progressive...i see nothing progressive about the thinking behind it, though.

2007-01-26 00:50:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋