Mention any three ways how taxes were different from tribute. class 6
Answers
Answer: As nouns the difference between tribute and tax is that tribute is an acknowledgment of gratitude, respect or admiration; an accompanying gift while tax is money paid to the government other than for transaction-specific goods and services.
Answer:Regressive, Proportional, and Progressive Taxes
Explanation:Regressive, Proportional and Progressive Taxes: An Overview
Tax systems in the U.S. fall into three main categories: Regressive, proportional, and progressive. Two of these systems impact high- and low-income earners differently. Regressive taxes have a greater impact on lower-income individuals than the wealthy.
Proportional tax, also referred to as a flat tax, affects low-, middle-, and high-income earners relatively equally. 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.