Tax Fact: Seven tax brackets in the US
Red Rock Tax Accountant

In the U.S., taxpayers pay more if they make more. In fact, there are currently seven different tax brackets in the U.S., and the higher your income, the higher your bracket. This type of system is referred to as a progressive tax system. It’s an alternative to a flat tax system, where everyone would pay the same amount or would be taxed at the same rate.

The theory behind a progressive tax system is that people who make less spend more of their money on meeting life’s basic necessities so they have less money left over to contribute to the common good by paying a high tax bill.

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