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A _________ tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.
  • a)
    Progressive
  • b)
    Proportional
  • c)
    Digressive
  • d)
    Regressive
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A _________ tax is a tax imposed in such a manner that the tax rate d...
A regressive tax is a tax that takes a larger percentage of income from low-income earners than from high-income earners. It is in opposition with a progressive tax, which takes a larger percentage from high-income earners. A regressive tax is generally a tax that is applied uniformly to all situations, regardless of the payer.
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A _________ tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.a)Progressiveb)Proportionalc)Digressived)RegressiveCorrect answer is option 'D'. Can you explain this answer?
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