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Nikki is buying a new house and new furniture to decorate her new home. What kind of tax — progressive or regressive — will Nikki pay on each of her new purchases?
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Nikki is buying a new house and new furniture to decorate her new home. What kind of tax — progressive or regressive — will Nikki pay on each of her new purchases?

User Braxton
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Answer:

Progressive taxes are based on the idea that people with higher incomes should pay more in taxes than those with lower incomes. In general, the more money you make, the higher percentage of your income you will pay in taxes. So, if Nikki is buying a new house and new furniture, she will likely pay a higher percentage of her income in taxes on those purchases than someone with a lower income.

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User Eigenharsha
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