The Social Security tax is regressive because it applies only on income below a "cap" income level.

Name: The Social Security tax is regressive because it applies only on income below a "cap" income level.
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The Social Security tax is considered regressive because it is only applied to income up to a certain threshold (the "cap"), meaning higher income earners effectively pay a smaller percentage of their total income in Social Security taxes compared to lower income earners.

The Social Security Tax Is Regressive Because It Applies Only