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) Responses an excise tax an excise tax a progressive tax a progressive tax an estate tax an estate tax a regressive tax a regressive tax
This is an example of a progressive tax. A progressive tax is a tax system where the tax rate increases as the taxable amount increases. In this case, those making more money are required to pay a higher percentage of their income in taxes.
