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Tee difference between a progressive and a regressive tax is that a progressive tax is a direct form of taxation where the rate of taxing increases as income increases, whereas a regressive tax is an indirect tax where the rate of taxing decrecreases as income increases.
This is progressive taxation. As you make more money, you keep less of each dollar. So, if you earn $50,000, your average federal tax rate is 15.9% ($7,950 divided by $50,000) and your marginal tax rate is 22%. If you earned one additional dollar, the federal government would take 22 cents of that dollar. Donât forget you also need to layer on provincial taxes.