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Taxes 101 - 10 tax terms to know

7. Progressive taxation This is the system in which higher tax rates are applied as income levels increase. The US tax system uses progressive taxation with tax brackets starting at 10 percent and rising to 35 percent for the wealthiest taxpayers.
IRS - 2009 Tax Table
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By Kay Bell | Bankrate.com

7. Progressive taxation

This is the system in which higher tax rates are applied as income levels increase. The US tax system uses progressive taxation with tax brackets starting at 10 percent and rising to 35 percent for the wealthiest taxpayers.