Redistribution means taking income from those with higher incomes and providing income to those with lower incomes. The government in an effort to create income fairness uses a device called a progressive tax system. Choose the answer below which best defines a progressive tax system.

Respuesta :

Redistribution means taking income from those with higher incomes and providing income to those with lower incomes, The statement that best defines a progressive tax system is The larger ones income the greater the tax rate.

What is Redistribution?

Redistribution of income and wealth  can be described as the transfer of income and wealth from some individuals to others which canm be done via  social mechanism and this could  taxation,  as well as  monetary policies, confiscation, divorce or tort law.

However the progressive tax  can be seen as the tax rate  which do bring about increases  of taxable income it do bring about the impositiobn of  a lower tax rate on low-income earners as well as a higher tax rate on those with a higher income.

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