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What are the characteristics of proportional, progressive, and regressive taxes?

April 26, 2017characteristics progressive proportional regressive taxes

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What are the characteristics of proportional, progressive, and regressive taxes?

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The characteristics of proportional, progressive, and regressive taxes: A proportional tax is one that imposes the same relative burden on all taxpayers. A progressive tax is characterized by a more than proportional rise in the tax liability relative to the increase in income, and a regressive tax is characterized by a less than proportional rise in the relative burden.