Progressive taxation imposes higher tax rates on higher income brackets, which helps redistribute wealth by funding social programs and reducing the after-tax income gap between different economic groups.

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 (2)

• income redistribution concept
• progressive taxation concept