Progressive Tax The third proposal we'll consider is a progressive tax, where lower income groups are taxed at a lower percent rate, and higher income groups are taxed at a higher percent rate. For simplicity, we're going to assume that a household is taxed at the same rate on all of their income. Determine the tax rate necessary for group F to meet the country's financial need ($1, 150,000). HINT Perform your calculations for total tax collected using the given rates for groups A - E. Then determine how much more tax you NEED to collect. Use that figure to determine the tax rate needed for group F. Income Income Tax Total Tax Income After Group per Tax Rate (%) Collected for Taxes per Household per Household All Households Household S S A $13,000 4.7% S $ $30,000 9. 1% C $50,000 11% S D $83,000 13.9% S E $134,000 17.2% F $299,000 9% Does your total tax collected add up to $1, 150,000