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Our Tax System Review
Match the term with the definition.
- Taxes that increase in proportion to income
- Property Taxes
- Regressive Taxes
- Progressive Taxes
- None of these
Answer: c. Progressive Taxes
- Rate stays the same regardless of income
- Proportional Taxes
- Regressive Taxes
- Progressive Taxes
- None of these
Answer: a. Proportional Taxes
- Take a smaller share of income as the income grows
- Proportional Taxes
- Regressive Taxes
- Progressive Taxes
- None of these
Answer: b. Regressive Taxes