Question

Define:
1. Progressive taxes-
2. Regressive taxes-
3. Proportional taxes-

Answer 1

Definition of 'Regressive Tax'
A tax that takes a larger percentage from low-income people than from high-income people. A regressive tax is generally a tax that is applied uniformly. This means that it hits lower-income individuals harder.

Answer 2

what about progressive and proportional?

Answer 3

Definition of 'Progressive Tax'
A tax that takes a larger percentage from the income of high-income earners than it does from low-income individuals. The United States income tax is considered progressive: in 2010, individuals who earned up to $8,375 fell into the 10% tax bracket, while individuals earning $373,650 or more fell into the 35% tax bracket. Basically, taxpayers are broken down into categories based on taxable income; the more one earns, the more taxes they will have to pay once they cross the benchmark cut-off points between the different tax bracket levels.

Answer 4

Definition of 'Proportional Tax'
A tax system that requires the same percentage of income from all taxpayers, regardless of their earnings. A proportional tax applies the same tax rate across low-, middle- and high-income taxpayers. The proportional tax is in contrast to a progressive tax, where taxpayers with higher incomes pay higher tax rates than taxpayers with lower incomes.

A proportional tax is also called a flat tax.

Answer 5

Can you explain the proportional tax shorter please

Answer 6

though i am no good in economics...just gave a search..:D
hope this helps..:)

Answer 7

what about progressive tax?

Answer 8

i wrote it...

Answer 9

Oh, OK, I'll summarize it, and will give you a medal then....

Answer 10

sure..:)