What is the reason for using progressive taxes on income? (1 point)
o Higher-income individuals are more likely to spend their income on consumption of goods, and paying more taxes discourages spending.
• Lower-income individuals have a lower cost of living and can afford to pay more
in taxes.
o Higher-income individuals are more likely to afford their standard of living and
can afford to pay more in taxes.
O lax, making it al larromes pay the same percentage of their income toward the