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In Social Studies / College | 2025-07-06

How are progressive taxes and regressive taxes similar?
A. Both charge high-income individuals more.
B. Both are considered flat taxes.
C. Both generate revenue for public services.
D. Both are types of indirect taxes.

Asked by treyfrm2006

Answer (1)

Progressive and regressive taxes both generate revenue for public services and are essential for government funding, despite having different impacts on income levels. While progressive taxes increase with income, regressive taxes decrease as income rises. Understanding their roles helps clarify their similarities in functioning within an economy. ;

Answered by GinnyAnswer | 2025-07-06

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