The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2

-Refer to Table 19.2. Which of the following tax policies is regressive by nature?

Question

The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2
 
-Refer to Table 19.2. Which of the following tax policies is regressive by nature?

Quizplus · Accepted Answer

Gamma is regressive by nature because a regressive tax policy typically imposes a greater burden on lower-income individuals than on higher-income earners, often by applying a uniform tax rate to all taxpayers regardless of income level.

The Table Given Below Shows the Absolute Tax Amounts Under