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Collin Richard
on Nov 05, 2024

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State and local taxes as a group seem to be mildly progressive, but federal taxes as a group seem to be mildly regressive.

Progressive

Pertaining to a form of taxation in which the tax rate increases as the taxable amount increases, typically applied to income tax.

Regressive

A term describing a tax system where the tax rate decreases as the taxable amount increases, imposing a greater burden on lower-income earners.

Federal Taxes

Taxes levied by the federal government on income, investments, and goods and services, which fund national programs and services.

  • Investigate the effects of progressive, regressive, and proportional tax systems on different income levels.
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Andrew WeinerNov 10, 2024
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