Can you explain the concept of progressive taxatio?
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Progressive taxation is a tax system where the tax rate increases as the taxable amount increases. This means that higher income earners pay a higher percentage of their income in taxes compared to lower income earners, aiming to reduce income inequality
Progressive taxation is a tax system where the tax rate increases as the taxable amount increases. This means that higher income earners pay a higher percentage of their income in taxes compared to lower income earners, aiming to reduce income inequality
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