5.3 Taxes and redistribution of inocme

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  • Created by: Twins 1&2
  • Created on: 15-10-13 18:59
Regressive tax
takes a greater proportion of income from lower incomes, higher from higher incomes. indirect taxes= regressive
1 of 5
Proportional tax
takes the same proportion of income from all income levals. direct taxes = proportional or progressive
2 of 5
Progressive tax
takes greater proportion of income from higher incomes, lower proportion from lower incomes.direct taxes = proportional or progressive
3 of 5
VAT(indirect tax)
regressive
4 of 5
Income tax
progressive
5 of 5

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Card 2

Front

Proportional tax

Back

takes the same proportion of income from all income levals. direct taxes = proportional or progressive

Card 3

Front

Progressive tax

Back

Preview of the front of card 3

Card 4

Front

VAT(indirect tax)

Back

Preview of the front of card 4

Card 5

Front

Income tax

Back

Preview of the front of card 5

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