Question

How are progressive taxes and regressive taxes similar?
Both charge high-income individuals more.
Both are considered flat taxes.
Both are determined based on income.
Both are types of indirect taxes.

Answer 1

The answer should be both are determined based on income.

Progressive taxes increase if the payers income increases, regressive is where the tax rate increases if the payers income decreases.

Answer 2

Progressive taxes and regressive taxes similar because: Both are determined based on income.

What is  progressive taxes and regressive taxes?

Progressive taxes can be defined as the process in which a person tax rate goes high when the person income increase.  

Regressive tax can be defined as the process in which a person tax rate  reduces when the tax payer income increase. In this type of tax both low earner and high earner tend to pay equal amount of tax.

Inconclusion progressive taxes and regressive taxes similar because: Both are determined based on income.

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