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Progressive and Regressive Tax Logic

Dashboard > Chapter 20: Taxes (But Fortunately No Death) > Progressive and Regressive Tax Logic

Progressive and Regressive Tax Logic

Tax "Logic": Pro- and Re-gressive

In general, taxes can be categorized as progressive and regressive. A progressive tax is one that affects high-income taxpayers more than low-income taxpayers. (How do you like that term "taxpayer"? It makes "individual" seem all warm and fuzzy). An example of a progressive tax is the income tax. The Federal tax scheme has different tax brackets. Brackets are simply percentages. You pay a higher percentage of your income, in theory anyway, as you earn...

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