Question:

What are progressive, regressive, and flat taxes?

by  |  earlier

0 LIKES UnLike

what are they used for and who do they favor?

 Tags:

   Report

1 ANSWERS


  1. progressive - the higher your income, the higher your tax rate

    regressive - the lower your income the more you pay

    flat tax - everyone pays the same rate

    The current US income tax system is progressive.   Some states are also, and some have a flat tax.

    Progressive favors lower income people, with the theory that people with more money can afford to pay more tax.  Regressive favors people with high incomes.

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.