Economics Mini teacher 2.0 / 5 based on 1 rating ? EconomicsASAQA Created by: HCreated on: 17-03-13 16:38 A tax where the rich pay a larger percentage of income in tax than the poor progressive 1 of 7 A tax where the rich pay the same percentage of income in tax than the poor proportional 2 of 7 A tax where people pay exactly the same amount no matter what their income is regressive 3 of 7 The tax that brings in the most income for the government Income 4 of 7 Example of an indirect tax VAT 5 of 7 Standard rate of VAT twenty 6 of 7 What do the government spend most of it revenue on benefits 7 of 7
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