Answer:
see below
Explanation:
A progressive tax system exacts a higher tax rate on higher-income earners. It is based on the ability to pay principle. It results in wealthier people paying more than the less wealthy.
Apart from collecting higher income for the government, the other benefits for the tax system include;
1. Progressive taxes tend to be equitable because rich individuals pay more taxes than poor people. It is fair in the sense that the rich can pay more as compared to the poor.
2. Progressive taxes tend to reduce inequalities in the distribution of income and wealth.
3. It is less costly to administer the progressive tax system.
