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Regressive, Proportional, and Progressive Taxes
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YouTubeEdspira
Regressive, Proportional, and Progressive Taxes
Tax rates can be progressive, proportional, or regressive. A progressive tax rate increases as the taxpayer’s income increases. • If your tax rate is 10% for your first $10,000 of income, 15% for your next $10,000 of income, and 20% for any income beyond that, that’s a progressive tax • Higher levels of income are taxed at higher rates ...
9.1K viewsOct 26, 2021
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