In 2010,Social Security taxes of over 11 percent were imposed on all income up to $104,000.For income that exceeded $104,000,no Social Security tax was imposed.Hence the Social Security tax is a

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Quizplus · Accepted Answer

A regressive tax is one in which the tax rate decreases as the amount subject to taxation increases. In this case, the Social Security tax rate decreases to 0% for income exceeding $104,000, making it a regressive tax.

In 2010,Social Security Taxes of Over 11 Percent Were Imposed