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Whom do progressive taxes assess?

A. Only a large percentage of high-income households
B. Only a large percentage of organizations
C. A large percentage of high-income households and organizations
D. A large percentage of low-income households
E. A small percentage of high-income households

Sagot :

GinnyAnsweridn

Final answer:

Progressive taxes assess a larger percentage of high-income households aimed at collecting a greater share of income from them.


Explanation:

In a progressive tax system, a larger percentage of high-income households are assessed compared to low-income households or organizations. This approach aims to collect a greater share of income from those with high incomes, aligning with the principle that the rich pay a higher percentage of their income in taxes.


Learn more about Progressive taxes here:

https://brainly.com/question/42413745


CandleFlyidn

Answer: C. A large percentage of high-income households and organizations

Explanation:

Progressive taxes take a large percentage from high-income households rather than low-income groups which is solely based on the concept of the ability to pay. The tax system would most likely tax low-income taxpayers 10%, middle-incomers 15% and high-incomers 30%.

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