Asked by
Febiola Tirasanti
on Dec 11, 2024
Verified
An income tax is defined as regressive if
A) the tax liability of those with higher incomes exceeds the tax liability of those with low incomes.
B) the tax liability of those with higher incomes is less than the tax liability of those with low incomes.
C) those with higher incomes pay a higher percentage of their incomes in taxes than those with low incomes.
D) those with higher incomes pay a lower percentage of their incomes in taxes than those with low incomes.
Regressive Income Tax
A tax system where the tax rate decreases as the taxpayer's income increases, placing a higher relative burden on lower-income earners.
- Discern the effects of progressive, proportional, and regressive taxation policies on diverse income categories.
Verified Answer
PP
Learning Objectives
- Discern the effects of progressive, proportional, and regressive taxation policies on diverse income categories.