An excise tax that has caps on the amount of income that can be taxed is a _____ tax.

Name: An excise tax that has caps on the amount of income that can be taxed is a _____ tax.
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A tax with caps on the amount of income that can be taxed is considered a regressive tax because it takes a smaller percentage of income from high-income earners than it does from low-income individuals, making it less equitable as income increases.

An Excise Tax That Has Caps on the Amount of Income