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Walls
21 January, 18:17
Is a Federal taxes a progressive
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Ignacio Odom
21 January, 22:09
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The overall federal tax system is progressive, with total federal tax burdens a larger percentage of income for higher-income households than for lower-income households.
Not all taxes within the federal system are equally progressive. Some federal taxes are actually regressive, as they make up a larger percentage of income for lower-income than for higher-income households.
The individual and corporate income taxes and the estate tax are all progressive. By contrast, excise taxes are regressive, as are payroll taxes for Social Security and Medicare. Regressivity can be seen over some range of income.
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