A progressive tax system taxes higher incomes at a higher percentage, aiming to redistribute income. In contrast, a proportional tax system taxes all individuals equally regardless of income level, while a regressive tax system places a higher tax burden on lower-income individuals.
Progressive tax system is a taxation method where individuals with higher incomes pay a larger percentage of their income as taxes compared to those with lower incomes. This type of tax system aims to redistribute income by placing a heavier tax burden on the wealthy.
A proportional tax system taxes all individuals at the same rate regardless of income level. In contrast, a regressive tax system imposes higher tax rates on lower-income individuals, making it less fair in terms of income distribution.
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