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29 July, 17:46

Reading from left to right, which list shows the tax types that proportionally increase with a rise in income?

Progressive, regressive, proportional

Proportional, regressive, progressive

Regressive, progressive, proportional

Regressive, proportional, progressive

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  1. 29 July, 17:52
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    Regressive, proportional, progressive

    Explanation:

    There are three main tax categories: regressive, proportional, and progressive.

    Regressive Tax

    Regressive taxes are type f tax accessed as a percentage of the value of an asset purchased or possessed. Under this system, low-income earners tend to pay a higher amount compared to high income earners because it has no correlation with what the taxpayer earns or their income level.

    Proportional Tax

    In a proportional tax system, everyone irrespective of their income pay the same rate. This tax system affects everyone equally.

    Progressive Tax

    A progressive tax has it name implies is progressive in nature. The tax rate increases as the income level of the tax payer increases. Therefore high-income earning individuals pay more than low-income earning individuals
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