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.

Question

Julianna Andersen

History

19 June, 08:23

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.

+5

Answers (1)

Know the Answer?

Beanie · Answer 1

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).