00:01
So we are to identify if the following taxes are progressive or regressive.
00:07
So first, we need to know what progressive taxes.
00:10
A progressive tax is a tax that increased as the taxable amount increase.
00:17
So the tax rate increases as the taxable amount increases.
00:21
Then we have progressive tax.
00:23
Then we also have regressive tax.
00:26
And regressive tax are taxes that apply uniformly, which takes a larger percentage of income from lower income inns than higher income earners.
00:38
So income tax is a progressive tax.
00:44
This is because this is a task that increases as the taxable amount increase of the income earner.
00:52
So for instance, if someone is earning 10 ,000 today and is paying 20 % as tax, the person who pay 30 % if he or she begins to end 50 ,000...