Understanding Progressive, Regressive, and Proportional Taxes: A Simple Guide
A progressive tax system is designed to make higher-income earners pay a larger percentage of their income in taxes compared to lower-income earners.
A progressive tax system is designed to make higher-income earners pay a larger percentage of their income in taxes compared to lower-income earners.
In this Introduction to Taxation post, we’ll break down the taxation into simple terms and practical examples so you can navigate the topic with confidence.