A proportional tax system, also known as a flat tax, requires all individuals to pay the same fixed
Tag: income tax
regressive tax system
A regressive tax system is one in which the average tax rate falls as an individual’s income rises,
progressive tax system
A progressive tax system is one in which the average tax rate rises with income, so higher-income individuals
progressive income taxes
Progressive income taxes are a taxation system where the tax rate increases as an individual’s taxable income rises.