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Taxes
3 Kinds.
Progressive - Taxes a higher percentage from those with HIGHER income than those with lower income.
Federal Income Tax = Progressive
Proportional - Taxes an equal PROPORTION amongst all classes
Regressive - Taxes a higher percentage from those with LOWER income than those with higher income.
Fun Fact: Even though Federal taxes are Progressive, nationwide, our taxes are predominantly Proportional. State and local taxes are sometimes regressive.