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22 June, 03:25

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

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  1. 22 June, 03:37
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    A flat tax plan is the same tax rate for all incomes.

    A regressive tax plan is the same tax rate regardless of income level and the proportion of income that goes toward taxes decreases as you earn more income.

    A progressive tax plan, as your income increases, the percentage of taxes you pay to the government also increases.
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