It is, and unfortunately its also what’s most often abused.
Corporate tax (and what’s more equivalent, individual income tax) should see the same progressive taxation, where higher profits yield higher tax rates above each of those thresholds.
Unfortunately, corporations play a lot of games with accounting to effectively reduce those profits and not pay their share (or not at all, even with some extremely large corporations), effectively shifting the tax burden onto individuals instead. Then, of course, those individuals benefitting most from the corporations not paying their fair share are also playing accounting games to reduce their own tax burden, further shifting the burden onto lower income individuals.
So when you combine that with increased costs for everyday consumer goods, you see an increasingly higher burden on lower and middle income, even higher income individuals until you get to the extremely wealthy outliers. The impact is greater the lower you go in income level though.
Ehhh I would say in a general sense that sales tax absolutely should be done away with. Really any regressive tax, including payroll taxes (there is a cap, so higher income earners don’t pay their relative share), the current structure of property taxes, tolls, so on.
Even then I wouldn’t call it good, just better, but that’d be a whole separate discussion.