Which of the following best describes a regressive tax?
A.A tax that takes a higher percentage of income as income rises.
B.A tax whose rate rises less than in proportion to income.
C.A tax that takes a fixed percentage of income regardless of the taxpayer's level of income.
D.A tax that takes a larger share of the income of high-income taxpayers than of low-income taxpayers.

Question

Quizplus · Accepted Answer

The Answer of Which of the following best describes a regressive tax?
A.A tax that takes a higher percentage of income as income rises.
B.A tax whose rate rises less than in proportion to income.
C.A tax that takes a fixed percentage of income regardless of the taxpayer's level of income.
D.A tax that takes a larger share of the income of high-income taxpayers than of low-income taxpayers.

Which of the Following Best Describes a Regressive Tax