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4 January, 10:17

Explain the difference between a progressive tax and a regressive tax ... cite one example of each, and explain why the example fits into that category of tax.

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  1. 4 January, 10:47
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    Regressive taxes are when higher income people pay a smaller percent of income than the lower income people (state and city sales taxes). Progressive taxes are when higher income people pay a greater percent of their income compared to lower income people (federal income taxes).
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