Regressive Tax: Definition, Pros, Cons & Examples
A regressive tax is where the tax rate falls for those who are in higher income brackets.
Taxation
Taxation is how government brings in money to fund its public expenses.
Progressive Tax: Definition, Pros, Cons & Examples
A Progressive tax is where taxes increase in line with incomes.
Excise Tax: Definition, How it Works & Examples
An excise tax is a tax that is levied on specific products, usually in order to create a socially optimal outcome.
Tariffs: Definition, Types & Example
A tariff is a tax that the government imposes on imported goods.
