Regressive taxes typically people in a higher income level bracket.

Name: Regressive taxes typically people in a higher income level bracket.
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Key Takeaway: With a regressive tax, the rate of taxation generally declines as an individual or corporation's income increases. Because of this, regressive taxes actually hurt people within a lower income bracket. Typical examples of regressive taxes are the Social Security tax and sales tax.

Regressive Taxes Typically People in a Higher Income Level Bracket