Social Security payroll taxes are examples of
A)progressive taxation.
B)regressive taxation.
C)proportional taxation.
D)marginal taxes.

Question

Quizplus · Accepted Answer

Social Security payroll taxes are regressive taxes because they are applied at a fixed rate on all income up to a certain point, regardless of income level. This means that individuals with lower incomes will pay a higher percentage of their income towards the tax than those with higher incomes.

Social Security Payroll Taxes Are Examples of