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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
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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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