Knowee
Questions
Features
Study Tools

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.

🧐 Not the exact question you are looking for?Go ask a question

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.

Similar Questions

Taxation that allows higher-income people to pay less of their income on taxes than lower-income people is called:A.regressive taxation.B.proportional taxation.C.progressive taxation.D.indirect taxation.

Income tax is a type of _____ tax.A.regressiveB.progressiveC.digressiveD.permissiveSUBMITarrow_backPREVIOUS

Which of the following best describes a progressive tax system?*1 pointAll taxpayers pay the same percentage of their income as taxHigh-income earners pay a smaller percentage of their income than low-income earnersHigh-income earners pay a larger percentage of their income than low-income earnersThe tax rate decreases as the taxpayer's income increases

Consider the following statements:Progressive tax liability increases with increase in income level.Regressive tax does not consider the ability to pay, thus affects the poor most.Direct tax is an example of progressive tax while indirect tax is an example of regressive tax.Which of the following statement is/are correct?

Compared to marginal tax rates, effective tax rates reflect taxes paid _______.Group of answer choicesAs a percentage of total incomeIn each pay checkBased on deductionsOn last dollar earned

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.