A progressive tax is when the tax rates increase (or “progresses”) as the taxable income increases for an individual or a business.

Example of Progressive Tax Rates In the table below of 2022 taxable federal income, an individual earning $15,000 would pay only 10% as tax. Another individual earning $600,000, on the other hand, ...

Not all states tax income the same. See how state income tax rates compare, how flat and progressive systems work and what ...