A report on Progressive tax, Tax and Regressive tax
A progressive tax is a tax in which the tax rate increases as the taxable amount increases.
- Progressive taxA regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.
- Regressive taxThe opposite of a progressive tax is a regressive tax, such as a sales tax, where the poor pay a larger proportion of their income compared to the rich.
- Progressive taxSome levy a flat percentage rate of taxation on personal annual income, but most scale taxes are progressive based on brackets of annual income amounts.
- TaxThe opposite of a regressive tax is a progressive tax, in which the average tax rate increases as the amount subject to taxation rises.
- Regressive taxThe incidence of taxation varies by system, and some systems may be viewed as progressive or regressive.
- Tax0 related topics with Alpha