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Archive | July 8th, 2010

Proportional, Progressive, and Regressive taxes

Thursday, July 8, 2010

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Taxes are categorized by the impact they have on the placement of income and wealth. A proportional tax is a tax that puts the same relative onus on each taxpayer—i.e., when tax liability and income grow in the same levels. A progressive tax is characterizable by a larger than proportional increase in the tax burden [...]

 

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