Progressive, regressive, and flat taxes are all different tax systems governments can deploy. Learn what each of these types of taxation means for you. A progressive tax is when the tax rate you pay ...

If you’ve ever noticed that higher earners pay a higher tax rate than lower earners, you’ve already encountered a progressive tax system. In simple terms, a progressive tax is designed so that tax ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. The ability-to-pay principle is also known as progressive taxation. Ability-to-pay taxation ...