Of the three tax alternatives (Progressive, Fair, Flat) which one do you prefer and why?

Expert Solution

I will always be preferring progressive tax alternative because it will be helpful in order to establish the concept of equity in the overall economy as progressive tax scheme will always be taxing higher to those people who will be having higher amount of taxable income, so those persons who are highly benefiting from the economy by having a higher income are paying higher taxes because they are also responsible for returning a higher proportion of their income back to the economy.

Economy should always be following up with the principle of equity in which there should be protection of right of various different sections of society and those who are earning higher should be paying higher taxes and those who are earning lower should be relaxed with taxations so that there could be and establishment of High degree of equality in the economy and hence I will always be advocating for the progressive tax which will incorporate a higher level of taxation for all those persons who are making higher income.

jeff jeffy answered 2 years ago

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