A tax system that applies a lower marginal tax rate at higher levels of income is

Name: A tax system that applies a lower marginal tax rate at higher levels of income is
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Question

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A regressive tax system imposes a lower marginal tax rate as income increases, meaning that higher-income individuals pay a smaller percentage of their income in taxes compared to lower-income individuals. This contrasts with progressive and proportional tax systems.

A Tax System That Applies a Lower Marginal Tax Rate