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.
Tax systems are the backbone of a nation’s economy, shaping how money is collected & spent to benefit society. Whether progressive, regressive, or proportional