Table 12-13
The dollar amounts in the last three columns are the taxes owed under the three different tax systems.

-Refer to Table 12-13 Which of the three tax systems is regressive?
A) Tax System A
B) Tax System B
C) Tax System C
D) None of the systems are regressive.

Question

Table 12-13
The dollar amounts in the last three columns are the taxes owed under the three different tax systems.
 
-Refer to Table 12-13 Which of the three tax systems is regressive?
A) Tax System A 
B) Tax System B 
C) Tax System C 
D) None of the systems are regressive.

Quizplus · Accepted Answer

Tax System B is regressive because the percentage of income paid in taxes decreases as income increases. For example, someone earning $20,000 per year would pay 6.4% of their income in taxes, while someone earning $100,000 per year would only pay 5.2% of their income in taxes. This means that lower-income individuals are paying a higher percentage of their income in taxes compared to higher-income individuals.

Table 12-13 the Dollar Amounts in the Last Three Columns Are the Are