Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is Progressive Taxation?

April 26, 2017flat tax income progressive progressive taxes tax Taxation wealth wealthy

0

Posted

What is Progressive Taxation?

1 Answer

0

Posted

Progressive taxation is a type of tax system that is designed to put the greatest tax burden on those who make the most money. An opposing form of tax is regressive taxation, where those who make (or spend) the least of amount of money pay the highest taxes. The main reason for establishing progressive taxes is to achieve fairness in taxation, at least according to some. Theoretically, those who make little should pay very little in taxes, while those who make more should pay more.