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How does the rate of a proportional tax change with income?
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Oct 1, 2023
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How does the rate of a proportional tax change with income?
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Felixbr
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A proportional tax applies the same tax rate to all individuals regardless of income. A progressive tax imposes a greater percentage of taxation on higher income levels, operating on the theory that high-income earners can afford to pay more.
Giorgiga
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