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Three Types of Tax Systems
3:56
YouTubeQuickonomics
Three Types of Tax Systems
The three most important types of tax systems are proportional, regressive, and progressive tax systems. The main difference between them is how the tax rate changes in relation to the income of the taxpayer. 1. Proportional Tax System Proportional taxes require all taxpayers to pay the same fraction of their income, regardless of how much ...
98.7K viewsJun 21, 2020
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