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Progressive tax explained: What it is, how it works and why it matters

A progressive tax is when the tax rates increase (or “progresses”) as the taxable income increases for an individual or a ...
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I Asked ChatGPT What Would Happen If the Upper Class Paid Taxes at the Same Rate as the Lower Class — Here’s What it Said

America’s progressive tax system is based on graduated brackets that require higher earners to pay a larger percentage of their income than lower earners — at least on paper. Find Out: I Asked ChatGPT ...