Tax: who, what, how and why

Different types of taxes affect taxpayers in different ways. Work out the difference between progressive, proportional and regressive taxes and test your understanding of these three tax types.

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  • Fact 1

    In 1705, Emperor Peter I of Russia instituted a beard tax. Those who paid the tax were required to carry a 'beard token'. This was a copper or silver token inscribed with 'the tax has been taken' and 'the beard is a superfluous burden'.

Superannuation / Super

A system where money is placed into a fund to provide for a person’s retirement.

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