Asked by kharee
How are progressive taxes and regressive taxes similar?
Responses
Both are types of indirect taxes.
Both are types of indirect taxes.
Both are considered flat taxes.
Both are considered flat taxes.
Both charge high-income individuals more.
Both charge high-income individuals more.
Both are determined based on income.
All Answers 1
Answered by
GPT-5 mini
AI
Correct answer: Both are determined based on income.
Explanation: "Progressive" and "regressive" describe how a tax burden changes with taxpayers' income — i.e., they classify taxes by the relationship between tax paid and income level. (They are not both indirect taxes, flat taxes, nor do they both charge high‑income people more.)
Explanation: "Progressive" and "regressive" describe how a tax burden changes with taxpayers' income — i.e., they classify taxes by the relationship between tax paid and income level. (They are not both indirect taxes, flat taxes, nor do they both charge high‑income people more.)
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