Q2 Complete the blanks below about LPT. LPT stands for L______________ P________________ T_________________ LPT is charged on the ______________ of a person’s ______________ LPT is an example of a ______________ tax
Q3 Complete the blanks below about PAYE. PAYE stands for P__________ A__________ Y__________ E__________ PAYE is charged on the ______________ a person ______________ PAYE is collected by the ______________ Commissioners
Progressive and Regressive Taxes
Q4 Aisling earns €30,000 a year and Séamus earns €90,000 a year. Both buy the same €25 concert ticket, which includes VAT.
Explain the difference between a progressive tax and a regressive tax, using examples from the information above.
Q5 Indicate whether each of the following taxes is progressive or regressive by placing a tick in the correct box.