asked 99.7k views
21 votes
Nikki is buying a new house and new furniture to decorate her new home. What kind of tax — progressive or regressive — will Nikki pay on each of her new purchases?

asked
User Braxton
by
8.0k points

1 Answer

4 votes

Answer:

Progressive taxes are based on the idea that people with higher incomes should pay more in taxes than those with lower incomes. In general, the more money you make, the higher percentage of your income you will pay in taxes. So, if Nikki is buying a new house and new furniture, she will likely pay a higher percentage of her income in taxes on those purchases than someone with a lower income.

Step-by-step explanation:

answered
User Eigenharsha
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8.6k points
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