00:01
Okay, so we have a question about progressive taxes.
00:04
Is one state's tax more progressive than another? so progressive means that richer people pay more, if that makes sense.
00:26
So it's based on a taxpayer's ability to pay, so there's a lower tax rate on low income.
00:35
People and there's a higher tax rate on richer people.
00:41
So when we look at this illinois, did i spell that right? illinois.
00:50
Okay, so illinois protects the first $2 ,000 of somebody's income.
01:04
Okay, so again, the main idea of progressive meaning that richer people pay more.
01:14
They have a higher tax rate than lower income people.
01:20
Higher tax rate.
01:22
If we look at these examples, both illinois and pennsylvania have the same 3 % flat rate...