A ________ tax is one that taxes income at an average rate that decreases with the level of income.

Name: A ________ tax is one that taxes income at an average rate that decreases with the level of income.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

A regressive tax is characterized by a decrease in the average tax rate as the income of the taxpayer increases, meaning that lower-income individuals pay a higher percentage of their income in taxes compared to higher-income individuals.

A ________ Tax Is One That Taxes Income at an Average