Atype of taxation in which people and businesses with higher income pay higher taxes is known as a. regressive taxation. b.. progressive taxation. c.. flat taxation. d.. federal taxation.

B. progressive taxation.

Explanation:

Progressive taxation consists of instituting taxes according to income level. In this type of taxation, people with lower incomes pay a lower rate and people with higher incomes pay a higher rate. This type of taxation imposes a higher tax burden on the rich. This is the opposite of regressive taxation, which consists in imposing a rate that decreases over time as the amount to be taxed increases. In this way the rich pay proportionally less than the poor.

answer; ///blank(1); dealers; blank(2); brokers;

answer///parietal;