Podcast
Questions and Answers
Which type of tax levies the same percentage regardless of income level?
Which type of tax levies the same percentage regardless of income level?
What is a defining feature of a progressive tax system?
What is a defining feature of a progressive tax system?
In which taxation system does the tax burden disproportionately affect lower-income individuals?
In which taxation system does the tax burden disproportionately affect lower-income individuals?
Which taxation type is specifically mentioned in the 1987 Constitution?
Which taxation type is specifically mentioned in the 1987 Constitution?
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How does a regressive tax system operate?
How does a regressive tax system operate?
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Study Notes
Tax Systems
- Proportional taxation: A fixed percentage of income is taxed, regardless of income level.
- Progressive taxation: As income increases, the tax percentage also increases.
- Regressive taxation: As income increases, the tax percentage decreases. This is linked to the 1987 Constitution.
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Description
This quiz covers the three primary tax systems: proportional, progressive, and regressive taxation. Explore how each system operates and their implications on income levels, as well as connections to the 1987 Constitution. Test your understanding of these key concepts in taxation.
