write the different between progressive tax and proportional tax..step by step
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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. ... A progressive tax has more of a financial impact on higher-income individuals than on low-income earners.
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Answer:
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. ... A progressive tax has more of a financial impact on higher-income individuals than on low-income earners.
Explanation:
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