Final answer:
The rich are more affected by progressive taxes, whereas the poor feel the pinch more from regressive taxes.
Step-by-step explanation:
The rich are more affected by progressive taxes, whereas the poor feel the pinch more from regressive taxes. A progressive tax system is one in which the rich pay a higher percentage of their income in taxes, rather than a higher absolute amount.
On the other hand, a regressive tax is one in which those with lower incomes pay a higher proportion of their income in taxes compared to those with higher incomes.