Question:

What are progressive, regressive, and proportional taxes? Why are income taxes usually progressive?

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I would really appreciate if someone could help me with this question for my microeconomics class. Thank you very much?

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  1. progressive= the more the money the higher % tax
    regressive= the more the money the less % tax
    proportional= the % tax stays the same no matter how much money is involved


  2. progressive= the more the money the higher % tax
    regressive= the more the money the less % tax
    proportional= the % tax stays the same no matter how much money is involved

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