Which of the following is an example of a regressive tax?
A)sales tax
B)income tax
C)flat tax
D)property tax
E)All taxes are regressive taxes.

Question

Quizplus · Accepted Answer

A sales tax is an example of a regressive tax because it takes a higher percentage of income from low-income individuals, since they spend a larger portion of their income on consumption. This means that those with lower incomes pay a bigger proportional share of their income in taxes than those with higher incomes.

Which of the Following Is an Example of a Regressive