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Business Skills 12 Online
OpenStudy (anonymous):

Personal income taxes are progressive taxes because they are usually set up so that the more one earns, the higher percentage of income taxes that person pays. true or false

OpenStudy (anonymous):

Are you familiar with the term "Progressive Tax" ? "A tax that takes a larger percentage from the income of high-income earners than it does from low-income individuals. " ~Investopedia.com This tax is dependent on the income of a person. The higher the income, the higher the tax. So it means that your statement id true :)

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