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i Know what both mean but can't actually think of an example of each.
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2007-01-13 00:44:22 · 4 answers · asked by mfaiuk 1 in Education & Reference Homework Help

4 answers

Both are the kinds of tax implemented by New Labour to severely roger the law-abiding indigenous Engishman up the bottom and thus unseat him, unhorse him and immoralise him.

2007-01-13 00:51:10 · answer #1 · answered by Ministry of Camp Revivalism 4 · 0 1

Most countries income tax systems are progressive in that the marginal tax rate increases with income, that is, above certain levels your additional income is taxed at a higher rate. Any sort of a poll tax, if applied without exceptions, is regressive since while if taxes each person equally the tax taken represents a greater share of the poorer person's income than of the richer person's income.

2007-01-16 07:10:58 · answer #2 · answered by CanProf 7 · 0 0

The above answer seems to have been reading the Daily Mail too much.

Regressive tax is something like that on cigarettes, and progressive would be an increase in income tax for higher earners.

2007-01-13 00:53:05 · answer #3 · answered by cheekbones3 3 · 2 0

Progressive and regressive are terms (mis) used by the liberals and socialists to describe their idea of fair. It means that those who accomplish the most and earn the most are penalized with higher tax rates than those less capable or willing to work than they are.

Progressive: Higher earning people are forced to pay a greater percentage of their earned income than those earning less money.

Regressive: Any time a tax rate is distributed evenly or the greater burden falls upon the lower earners.

In short, it is a method of sounding noble while removing any incentive to achieve.

2007-01-13 00:59:03 · answer #4 · answered by Anonymous · 1 2

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