Which of the following is a tax system in which higher income taxpayers have lower tax rates, even though they pay a larger amount of tax than lower income taxpayers?
A)a proportional tax system
B)a progressive tax system
C)a regressive tax system
D)none of the above

Question

Quizplus · Accepted Answer

A regressive tax system is characterized by lower income individuals paying a higher percentage of their income in taxes compared to higher income individuals, even though the actual amount paid by higher income individuals may be more in absolute terms.

Which of the Following Is a Tax System in Which