Mr.Bush earns $1,000,000 and pays $100,000 in taxes.Mr.Gore earns $150,000 and pays $17,500 in taxes.The tax they pay would be considered

Question

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A regressive tax system is one where the tax rate decreases as the income increases. In this case, Mr. Bush pays a lower percentage of his income in taxes (10%) compared to Mr. Gore (11.67%), indicating a regressive tax structure.

MrBush Earns $1,000,000 and Pays $100,000 in Taxes