Ask Question
12 February, 12:34

What is the difference between a progressive tax system and a regressive tax system

+5
Answers (1)
  1. 12 February, 12:51
    0
    Most state income taxes have a similar progressive structure. A regressive tax is the exact opposite. Higher-income taxpayers pay a smaller percentage of their income than lower-income taxpayers because the tax is not based on ability to pay.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the difference between a progressive tax system and a regressive tax system ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers