Question

A new tax is proposed that requires those making $100, 000 a year pay 15% more of their income in taxes and those making $250,000 a year pay 25% more of their income in taxes. This is an example of (1 point) an excise tax a regressive tax an estate tax a progressive tax

Answer 1

[AI-generated answer — Bot GPT 3.5]

This is an example of a progressive tax because the tax rate increases as income increases.