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Us federal income tax is progressive by law, but which best explains why wealthy individuals can often pay far less in taxes than the top tax rate? high-income earners can fight in court for the right to a reduced rate. high-income earners reduce their tax rates through numerous deductions. high-income earners use tax laws to their advantage to reduce their tax rates. high-income earners always place their assets overseas to lower their tax rates.

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bihariyadeep28

The statement "high-income earners use tax laws to their advantage to reduce their tax rates" best explains the reasons behind the less tax paid by high-income earners, Option C is correct.

What is Tax?

Tax can be defined as a compulsory payment that is made to the government or tax collecting authorities in the proportion to the income earned by the person.

Us federal income tax is progressive by law. The statement "high-income earners use tax laws to their advantage to reduce their tax rates" best explains why wealthy individuals can often pay far less in taxes than the top tax rate.

Therefore, option C is correct.

Learn more about Tax here:

https://brainly.com/question/16423331

lolacromwell7

Answer:

US federal income tax is progressive by law, but which best explains why wealthy individuals can often pay far less in taxes than the top tax rate?

  1. High-income earners can fight in court for the right to a reduced rate.
  2. High-income earners reduce their tax rates through numerous deductions.
  3. High-income earners use tax laws to their advantage to reduce their tax rates. <<<CORRECT
  4. High-income earners always place their assets overseas to lower their tax rates.

Explanation:

2022 EDGE

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