In the following situation the tax system is

Name: In the following situation the tax system is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The term "regressive" describes a tax system in which individuals with lower incomes pay a higher percentage of their income in taxes than do individuals with higher incomes. Without further information on the tax system, it is impossible to determine which specific type of tax system is being used. However, based on the lack of information provided, it is safe to assume that the tax system is regressive.

In the Following Situation the Tax System Is