Taxes are either
A)regressive, proportional, or degressive.
B)regressive, proportional, or progressive.
C)degressive, proportional, or progressive.
D)regressive, progressive, or degressive.

Question

Quizplus · Accepted Answer

Taxes can be categorized into three types: regressive, proportional, and progressive. A regressive tax takes a higher percentage of income from low-income individuals and a lower percentage from high-income individuals. A proportional tax takes the same percentage of income from everyone, regardless of income level. A progressive tax takes a higher percentage of income from high-income individuals and a lower percentage from low-income individuals. Therefore, the best choice for the types of taxes is B, which includes all three types: regressive, proportional, and progressive.

Taxes Are Either