Question

What are the main differences between the flat, regressive, and progressive tax plans?

Answer 1

#1) What are the main differences between the flat, regressive, and progressive tax plans?

Answer: The main differences between a flat, regressive, and progressive tax plans is that the flat tax you pay the same amount even if the price of the good increases (applies for everybody), a regressive tax is the one that decreases if the amount of money you make increases, and the progressive tax is when the tax increases if the amount of money you make increases or the price of a good rises.

#2) Under which plan would you pay the most in taxes?

Answer: This would happen under the Progressive Tax System

#3) Under which plan would you pay the least in taxes?

Answer: This would happen under the Regressive Tax System
#4) Which tax system would benefit you the most? Explain your response and refer to your specific career.

Answer:I believe that the most convenient tax system for me would be the Regressive Tax System. The reason being that in my career Computer Engineer, I will be working a lot and making big amounts of money. I would like to keep all the money but since not possible pay the least amount of tax.

#5) Do you think the plan that benefits you most is the most fair for everyone? Explain your response.

Answer: Well of course in some cases it will not be fair for everyone since I am interested in what is convenient for me. That would leave the people that do not make as much money paying more taxes. But either way one side will be affected.

#6) Does this change your opinion of the proposed tax plans? Explain your response.

Answer: I believe it will not change my opinion of the proposed tax plans. My only focus will have to be to get a good paying job with which I will be able to support my family.

I hope it helps, Regards.