Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
Choc.Kits:
Thats great to hear! Thanks a billion. ;D ;)
i got everything down, now just gotta study. but i doubt it'll be all that hard... just scared for paper 2. everything else is aite!
$H00t!N& $t@r:
what is the difference between a regressive tax and progressive tax?
Choc.Kits:
--- Quote from: Shooting Star on May 07, 2010, 07:28:56 pm ---what is the difference between a regressive tax and progressive tax?
--- End quote ---
a regressive tax: percentage of tax taken from income decreases as income rises. These are indirect taxes. E.g. VAT, green tax etc.
a progressive tax: percentafe of tax taken from income increases as income increases. These are the direct taxes; Income tax, value added tax etc.
hope i helped :D
BlackBunny103:
--- Quote from: imran110 on May 07, 2010, 03:14:51 pm ---Thats great to hear! Thanks a billion. ;D ;)
i got everything down, now just gotta study. but i doubt it'll be all that hard... just scared for paper 2. everything else is aite!
--- End quote ---
Yea I'm doing Economics exams this year as well. Good luck to both of us ;)
I'm a bit worried about paper 3 though, any suggestions?
$H00t!N& $t@r:
I dont uderstand regressive tax. I mean isnt is somehow unfair? cz people with lower income have a higher percentage of tax taken from their income, while people with higher income have lower percentage of tax taken from their income. This causes the people on lower income to have a smaller disposable income, which reduces their purchasing power. My point is, what is the government trying to achieve by this tax?
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