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Government Spending as a Tool

A is a tax th...

Question

A __________ is a tax that takes away a higher proportion of one's income as the income rises.

A

Proportional tax

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B

Progressive tax

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C

Regressive tax

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D

Indirect tax

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Solution

The correct option is B Progressive tax
Progressive tax is a tax in which the tax rates increases as the taxable base amount increases.

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