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Answer:
A progressive tax is a type of tax that takes a larger percentage of income from taxpayers as their income rises. A regressive tax is the exact opposite. Higher-income taxpayers pay a smaller percentage of their income than lower-income taxpayers because the tax is not based on ability to pay.
Explanation:
A progressive tax is one that takes an increasing percentage of a taxpayer's income as their income increases. A regressive tax is the polar opposite of a progressive tax. So because tax is not dependent on ability to pay, relatively high people pay a lesser proportion of their income than relatively low taxpayers.
- A progressive tax is one that takes a bigger percentage of slightly elevated groups' income than reduced groups' earnings.
- A regressive tax is one that takes a higher percentage of reduced people's income than it does from high-income people.
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