Home » Economics » A Tax which takes a higher percentage from higher incomes is called?

A Tax which takes a higher percentage from higher incomes is called?

A Tax which takes a higher percentage from higher incomes is called?
  • A.
    a regressive tax
  • B.
    a progressive tax
  • C.
    a proportional tax
  • D.
    an indirect tax
  • E.
    a direct tax
Correct Answer: Option B
Explanation