Taxes & Government
#progressive tax systems#income inequality#taxation#wealth redistribution+1 more
How do progressive tax systems impact income inequality?.
Progressive tax systems impose higher tax rates on higher income brackets, aiming to redistribute wealth and reduce income inequality. They can lead to greater social equity by funding public services and welfare programs, helping lower-income individuals improve their economic status. However, the effectiveness of these systems varies by country, influenced by tax enforcement and societal attitudes toward taxation.
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