The third pan we will consider is a progressive tax, where lower income groups are taxes at a lower percent rate, and higher income groups are taxed at a higher percent rate. For simplicity, assume that a household is taxed at the same rate on all their income.

Set progressive tax rates for each income group to bring in enough money ($800,000). There is no single correct answer. Just make the tax progressive and make sure to bring in enough money.

Upload a picture of your filled in table:

Group Income per Tax rate household (%) Income tax per household Total tax collected for all households Income after taxes per household A $12,000 B $29.000 $50.000 D $79,000 E $129.000 F $295.000 This better total to $800,000