Taxes are generally classified into three categories:

Name: Taxes are generally classified into three categories:
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Taxes are classified into three main categories: progressive, regressive, and proportional. Progressive taxes increase as the taxpayer's income increases, regressive taxes take a larger percentage from low-income earners than high-income earners, and proportional taxes (also known as flat taxes) take the same percentage from all taxpayers, regardless of income.

Taxes Are Generally Classified into Three Categories