What Is A Progressive Tax? Who Are The Ones That Fall Under Its Obligations?

Progressive Tax System

A progressive tax system imposes higher rates on higher incomes, aiming to reduce the burden on low-income earners while generating more revenue from the wealthy.

Progressive Income Tax System

The United States employs a progressive income tax system with seven brackets, ranging from 10% to 37%, designed to adapt to varying income levels.

Lower-Income Individuals

Progressive taxes benefit lower-income individuals by leaving more money in their pockets

Critics of progressive taxes argue it discourages success, serves as income redistribution, and finds opposition from supporters of low taxes and minimal government services.

The Impact

The impact of progressive tax on workers includes higher taxes as income rises.