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.

Tax: who, what, how and why
Type: Theory
Questions: 3
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 27

    The Sydney Olympic Games included a team of tax officers who advised visiting athletes of any tax obligations and helped them in reclaiming GST reimbursements for their expenditure during the games.

Retirement savings account (RSA)

A savings account set up specifically for the purpose of saving funds for retirement.

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