Multiple Choice
A tax that takes a higher percentage of income as income rises is called a(n)
A) proportional tax.
B) regressive tax.
C) progressive tax.
D) excise tax.
E) value-added tax.
Correct Answer:
Verified
Related Questions
A tax that takes a higher percentage of income as income rises is called a(n)
A) proportional tax.
B) regressive tax.
C) progressive tax.
D) excise tax.
E) value-added tax.
Correct Answer:
Verified
