Economics (AS & A Level) · Oct / Nov 2021 · Paper 12 · Question 15
9708Fiscal policy
What is a distinguishing feature of a progressive income tax?
- AHigh earners pay a higher proportion of their income in tax than low earners.
- BHigh earners pay a lower proportion of their income in tax than low earners.
- CHigh earners pay the same proportion of their income in tax as low earners.
- DLow earners pay more tax than high earners.
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Correct answer: A. High earners pay a higher proportion of their income in tax than low earners.
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