4.5 - AO1 Flashcards
1
Q
Regressive tax system
A
As income rises, a smaller percentage of income is paid in tax
Flat fee (single fixed fee)
2
Q
Progressive tax system
A
As income rises, a larger percentage of income is paid in tax
3
Q
Proportional tax system
A
The percentage of income paid in tax is constant, no matter what the level of income
