Taxes

Flat tax- Everyone pays the same tax rate regardless of the income.

Illinois' state tax is flat, making everybody pay 5% of their incom

Exercise tax- A specific tax on items the government doesn't want you to know about (cigarettes, liquor etc.)

Progressive tax- As your income increases, your tax rate increases.

Federal income tax is progressive.

Regressive tax- As your income goes up, the tax has less of an effect on you.

Hurts poor people the most.

Illinois' sales tax is regressive.

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