Task A2.1 Types of taxes: regressive tax

Ever wondered what proportional, progressive and regressive taxes are? Find out what they are. See how they work.

The example of a regressive structure looks at motor vehicle registration. A regressive tax is a tax where the same amount is paid, regardless of the level of income.

Task A2.1 Types of taxes: regressive tax
Type: Quiz
Questions: 7
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 22

    The changeover to decimal currency in 1966 created a massive amount of work for the ATO. In NSW alone, staff manually converted 200,000 accounts worth $450 million.

Goods and services tax (GST)

A tax of 10% on the supply of most goods and services consumed in Australia.

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