👉 The progressive and regressive tax are two distinct forms of taxation that differ in their approaches to taxation. The progressive tax is a tax system that imposes a higher tax rate on individuals with higher income levels, while the regressive tax imposes a higher tax rate on individuals with lower income levels. The Progressive Tax is designed to ensure that individuals with higher income levels contribute a larger share of their income towards taxes, thereby promoting income equality. This tax system is based on the principle of ability to pay, where individuals with higher income levels are deemed to have a greater ability to pay taxes. The Progressive Tax is typically used in developed countries to fund social welfare programs and public services.

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