Hank makes $70,000 a year.Lilly makes $45,000 a year.They are each taxed at 10%.This type of tax is called:

Name: Hank makes $70,000 a year.Lilly makes $45,000 a year.They are each taxed at 10%.This type of tax is called:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A regressive tax is one where the tax rate is the same regardless of income, which means it takes a larger percentage of income from lower-income earners than from higher-income earners. In this case, both Hank and Lilly are taxed at the same rate of 10%, making it a regressive tax.

Hank Makes $70,000 a Year