A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as

Question

Quizplus · Accepted Answer

A regressive tax is one in which the tax rate decreases as income increases. Therefore, high income taxpayers pay a smaller fraction of their income than low income taxpayers. This is opposite of the progressive tax, in which the tax rate increases as income increases.

A Tax for Which High Income Taxpayers Pay a Smaller