Back to category: Business Limited version - please login or register to view the entire paper. types of tax Progressive: Progressive taxes claim an increasing proportion of income as income increases. The burden of a progressive tax in theory falls mainly on those who earn higher levels of income. This is because the more income u make the higher level of tax is paid out of the dollar as shown on the diagram (to the right). This diagram is not quite accurate because rather than a sloping increasing tax it should be a more stepped approach. This is because within Aus... Posted by: Margaret Rowden Limited version - please login or register to view the entire paper. |
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