16 What describes a regressive tax?1 pointA It is paid by a higher proportion of high income earners.B It is paid by a higher proportion of low income earners.C It takes a higher proportion from high incomes.D It takes a higher proportion from low incomes.
Question
16 What describes a regressive tax?1 pointA It is paid by a higher proportion of high income earners.B It is paid by a higher proportion of low income earners.C It takes a higher proportion from high incomes.D It takes a higher proportion from low incomes.
Solution
A regressive tax is described as a tax that takes a higher proportion from low incomes. So, the correct answer is D. It takes a higher proportion from low incomes.
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