Which of the following is an example of a progressive tax?
A)Estate tax
B)The federal income tax
C)Excise tax
D)Payroll tax
E)Sales tax

Question

Quizplus · Accepted Answer

A progressive tax is one where the tax rate increases as income increases. The federal income tax is an example of a progressive tax, as higher income individuals are subject to higher tax rates. The estate tax, excise tax, payroll tax, and sales tax are not necessarily progressive taxes, as their rates do not necessarily increase with higher income levels.

Which of the Following Is an Example of a Progressive