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Economics - Financial Markets 13 Online
OpenStudy (anonymous):

Why is the federal income tax a progressive tax? A. A higher income has more deductions. B. A higher income pays a lower rate. C. Corporations can lower their taxable income. D. A higher income pays a higher percentage in taxes.

OpenStudy (anonymous):

D, the more money you make the higher your tax rate is.

OpenStudy (anonymous):

D. A higher income pays a higher percentage in taxes. :)

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