Define regressive and progressive taxation. Why would a person support regressive taxation, and why would a person support progressive taxation?
What will be an ideal response?
Progressive taxation is defined as higher rates of taxation on people with higher incomes. A person would support progressive taxation because it puts a higher tax burden on the people who can most afford it and who have benefitted most by the opportunities of our society. Regressive taxation takes a disproportionate amount of income from people with lower incomes. A person would support regressive taxation because everyone is paying the same amount of tax based on their purchasing choices without targeting one section of society over another.
You might also like to view...
Oversight is the process by which Congress
A. follows up on the laws it has enacted. B. reviews the actions of subcommittees. C. chooses its leadership. D. supervises the activity of the judicial branch. E. passes legislation.
Which factor contributed to the industrialization of the United States?
A. limited natural resources as a result of territorial expansion B. conversion from imported oil to domestic coal as a primary energy source C. new technical innovations, such as electricity and airplanes D. small numbers of immigrants coming to work in the United States