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    Progressive Taxes

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    Why are progressive taxes particularly important to the corporate form of business?

    © BrainMass Inc. brainmass.com June 4, 2020, 3:51 am ad1c9bdddf

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    The concept of a progressive tax system is that the individuals or taxable business entities that make the most money/have the highest income pay the most in taxes. Those individuals or entities that make the least amount of money fall into the lowest tax brackets, and pay the minimum amounts in taxes. This is particularly important to corporations for a few reasons. ...

    Solution Summary

    This solution explains why progressive taxes are important to the corporate form of business.