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    Explaining Progressive Taxation

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    Is progressive taxation fair? What arguments could be made that it is fair or unfair?

    © BrainMass Inc. brainmass.com October 10, 2019, 1:17 am ad1c9bdddf

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    First, you'll need a useful definition of Progressive Taxation. Encyclopaedia Britannica offers the following definition of 'Progressive Tax':
    ...tax that imposes a larger burden (relative to resources) on those who are richer...

    and further notes that its opposite, 'Regressive Tax':
    ...imposes a lesser burden on the wealthy.

    A progressive tax increases as the base amount taxed increases, e.g., 5% of taxable income ...

    Solution Summary

    The solution provides an explanation for progressive taxation and arguments for and against it is included in this concise solution.