Taxation is a high interest point in the world of economics. There are several forms and types. Taxes follow a hierarchy in society: local, state, federal. People have various opinions of
how society should be taxed: proportional, progressive, regressive. No one likes paying taxes,
but, taxes are an essential part of the function of society as taxes fund governments.
There are several characteristics of taxation which we should understand.










There are several different forms of taxation.











There are three distinctive types of taxation: Proportional, progressive, and regressive.

















I believe