Which of the following would indicate that a tax is regressive?
A) High-income people pay $5,000 in taxes; low-income people pay $2,000 in taxes.
B) Both high-income and low-income people pay $200 each in taxes.
C) High-income people pay 20 percent of their income in taxes; low-income people pay 10 percent of their income in taxes.
D) Both high-income and low-income people pay 10 percent of their income in taxes.
E) Low-income people are exempt from taxes.
Correct Answer:
Verified
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