Social Security and payroll taxes are typically considered to be

Name: Social Security and payroll taxes are typically considered to be
Brand: Quizplus
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Question

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Social Security and payroll taxes are considered regressive because they are based on a flat percentage of income, meaning that lower-income earners pay a higher proportion of their income in taxes compared to higher-income earners. This is in contrast to a progressive tax system, where the tax rate increases as income increases.

Social Security and Payroll Taxes Are Typically Considered to Be