What is a progressiv tax?

A progressive tax is a tax system where the tax rate increases as the taxable income increases. This means that individuals or entities with higher incomes pay a larger percentage of their income in taxes compared to those with lower incomes. The goal of a progressive tax is to reduce income inequality and ensure that those who can afford to contribute more to public services and infrastructure do so. Examples of progressive taxes include federal income taxes in many countries, where rates rise with income brackets.