HELP ASAP Discuss the advantages and disadvantages of regressive
and progressive tax policies. Which one would you
recommend and why?

The following are the advantages and disadvantages of regressive and progressive tax policies.

Explanation:

Advantages of regressive tax policies: Regressive taxes can be found to fair as it is imposed on every wage earner irrespective of the income amount.

Disadvantages of regressive tax policies: This tax system leaves the same percentage of amount on the goods and products purchased irrespective of income of the buyer.

It is disproportional for low wage earners.

Advantages of progressive tax policies: It imposes low tax rates typically on low income earners and higher rates on the higher income earners.

Disadvantage: Every one need to pay the same tax regardless of income.

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