How are progressive taxes and regressive taxes similar?
• Both charge high-income individuals more.
• Both are considered flat taxes.

Both are determined based on income.
• Both are types of indirect taxes.

Respuesta :

Progressive taxes and regressive taxes are similar because  A. Both charge high-income individuals more.

How are progressive taxes similar?

Income taxes can be both progressive or proportional. Progressive taxes charge low tax rates on low-income earners and higher speeds on those with higher incomes, while individuals are assigned the same tax rate however of how much income they make.

What is progressive tax and regressive tax?

A progressive tax is represented by a more than proportional rise in the tax disadvantage relative to the increase in income, and a regressive tax is characterized by a less than proportionate rise in the comparative burden.

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