how are progressive taxes and regressive taxes similar?\no both charge high - income individuals more.\no…

how are progressive taxes and regressive taxes similar?\no both charge high - income individuals more.\no both are considered flat taxes.\no both generate revenue for public services.\no both are types of indirect taxes.

how are progressive taxes and regressive taxes similar?\no both charge high - income individuals more.\no both are considered flat taxes.\no both generate revenue for public services.\no both are types of indirect taxes.

Answer

Brief Explanations:

Progressive and regressive taxes are both means to collect funds for the government to provide public - services. Progressive taxes tax higher - income individuals more, while regressive taxes tax lower - income individuals more proportionally. They are not flat taxes (which are a different type of tax system), and they can be either direct or indirect.

Answer:

Both generate revenue for public services.