Progressive income taxes are a taxation system where the tax rate increases as an individual’s taxable income rises. This means that higher-income earners pay a larger percentage of their income in taxes compared to lower-income individuals.

These taxes aim to reduce income inequality by levying higher rates on the wealthy, thereby promoting the redistribution of income from richer to poorer segments of society. Funds collected can support public services, welfare programs, and infrastructure, fostering greater economic equity.