Title: The Different Types of Taxation System | Suraj's Econ Blog
Headings: 
The Different Types of Taxation System
Direct Taxation:
PROS & CONS
Progressive Tax:
Regressive Tax:
Proportional Tax:
Evaluation:

Content: In terms of equity, progressive taxes is not meant to discipline or hurt the high-income people who have succeeded but it is trying to help and protect the people who have not succeeded by taking a lower tax rate from them and allowing them to keep more money for their basic necessities. Con: One may say that this type of taxation is unfair to the “rich” since they have to pay more for being successful. In fact, the “rich” people would argue that they should either get rewarded or should not be taxed really high. Regressive Tax: Pro: It may make households want to work harder and produce more so they could still have a an appropriate amount of money. With people producing more, the countries productivity levels could rise. Con: It would have a huge effect on the low-income people or the lower income companies since a huge percentage of their income would go to taxes.