Because the poor pay a greater portion of their income for Social Security than the rich, Social Security payments are called a(n) ________ tax.

Name: Because the poor pay a greater portion of their income for Social Security than the rich, Social Security payments are called a(n) ________ tax.
Brand: Quizplus
Rating: 4.7 (59 reviews)

Question

Quizplus · Accepted Answer

Social Security payments are considered a regressive tax because they take a larger percentage of income from low-income earners than from high-income earners.

Because the Poor Pay a Greater Portion of Their Income