LOC FC | Session 20

What is a tax?

• A. Money you give to your friends

• B. A payment people make to the government

• C. A gift from the government

Which type of tax takes the same percentage of money from everyone, no matter how much they earn or have?

• A. Regressive Tax

• B. Progressive Tax

• C. Proportional Tax (Flat Tax)

In a regressive tax, who pays a higher percentage of their income in taxes?

• A. People with higher incomes

• B. People with lower incomes

• C. Everyone pays the same percentage

Which tax system is like sharing toys equally, where everyone contributes the same percentage of their money?

• A. Progressive Tax

• B. Proportional Tax (Flat Tax)

• C. Regressive Tax

In a progressive tax, who pays a larger share of their income in taxes?

• A. People with higher incomes

• B. People with lower incomes

• C. Everyone pays the same share

Which tax system ensures that those with more money share a bit more to support the community?

• A. Regressive Tax

• B. Progressive Tax

• C. Proportional Tax (Flat Tax)