Evaluation

During my years of Economics HL, I have made great strives towards a successful academic life. Although the studies of economics and the rules of test have been hammered into our minds through hard core revision, we are but humans and are prone to mistakes

Aint nuthin’ but a Tax thang

Progz and Regz

Both progressive and regressive tax depends solely on one’s income, but the main difference can be illustrated by the fact that it’s reactions are opposite. The notion of progressive taxes is that, the more you earn, the higher your tax rate, whereas the notion of regressive taxes is that the less you earn, the higher your tax rates. Additionally, in classical terms, progressive tax is income tax, and regressive tax is sales tax.