Progressive taxation, which imposes higher tax rates on higher income brackets, is a primary mechanism used by governments to redistribute wealth and reduce inequality.

Authors

• Person: Not available Organization: Sparkl
  Revision Notes - The role of government in reducing inequality | IB DP

Sources

• Revision Notes - The role of government in reducing inequality | IB DP www.sparkl.me Sparkl via serper

Referenced by nodes (3)

• income redistribution concept
• progressive taxation concept
• income tax rates concept