Asked by Ana

Explain progressive and regressive taxes.
Answered by Ms. Sue
I'll be glad to comment on your answer.
Answered by Ana
A progressive tax is a tax whose rate increases as the payers income increases? if individuals who earn high incomes have a greater proportion of their incomes taken to pay the tax?

A regressive tax is one whose rate increases as the payers income decreases?
Answered by Ms. Sue
Right. Also, a regressive tax takes proportionately more from low income people than from higher income people.

Answered by Ana
thank you.
Answered by Ms. Sue
You're welcome.
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