Economy, asked by shabnam551, 6 months ago

difference between progressive and regressive tax

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Answered by sanjeevaraya3

Answer:

Explanation:

Regressive taxes have a greater impact on lower-income individuals than the wealthy. ... They all pay the same tax rate, regardless of income. A progressive tax has more of a financial impact on higher-income individuals than on low-income earners.

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difference between progressive and regressive tax​

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difference between progressive and regressive tax