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Economics - Financial Markets 24 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. It's not A

OpenStudy (anonymous):

@Whitemonsterbunny17

whitemonsterbunny17 (whitemonsterbunny17):

I believe the answer is D. Source: http://wiki.answers.com/Q/What_does_it_mean_that_the_federal_income_tax_is_a_progressive_tax?#slide=2

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