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3 December, 01:38

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.

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  1. 3 December, 04:01
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    Progressive taxes are those tax amounts that increase when the payer’s income also increases. On the other hand, regressive taxes are charged more to the low-income generating individuals. That said, the lower income a person have then, the higher is the amount of the tax that needs to be paid. The similarity of these two taxes is that they are both determined based on a person’s income. Thus, the answer is the third choice.
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