A new tax takes in 25% of the income of people making more than $50,000 per year and 35% of the income of people making less than $50,000 per year.Such a tax is considered to be

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A regressive tax takes a larger percentage of income from low-income earners than from high-income earners, which is the case here as those earning less than $50,000 are taxed at a higher rate than those earning more.

A New Tax Takes in 25% of the Income of People