Explain the difference between a progressive tax and a regressive tax ... cite one example of each, and explain why the example

Question

AfilCa [17]

4 years ago

11

Explain the difference between a progressive tax and a regressive tax ... cite one example of each, and explain why the example

fits into that category of tax.

History

1 answer:

Alla [95] · Answer 1 · 2021-12-28T15:20:27+03:00

Answer:

Regressive taxes are when higher income people pay a smaller percent of income than the lower income people (state and city sales taxes). Progressive taxes are when higher income people pay a greater percent of their income compared to lower income people (federal income taxes).

Explanation: