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Which of the following is an example of a regressive tax?a)Income tax with higher rates for higher income levelsb)Sales tax with a fixed percentage applied to all purchasesc)Property tax based on the value of the propertyd)Corporate tax with deductions for business expensesCorrect answer is option 'B'. Can you explain this answer? for SSC MTS / SSC GD 2025 is part of SSC MTS / SSC GD preparation. The Question and answers have been prepared according to the SSC MTS / SSC GD exam syllabus. Information about Which of the following is an example of a regressive tax?a)Income tax with higher rates for higher income levelsb)Sales tax with a fixed percentage applied to all purchasesc)Property tax based on the value of the propertyd)Corporate tax with deductions for business expensesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for SSC MTS / SSC GD 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is an example of a regressive tax?a)Income tax with higher rates for higher income levelsb)Sales tax with a fixed percentage applied to all purchasesc)Property tax based on the value of the propertyd)Corporate tax with deductions for business expensesCorrect answer is option 'B'. Can you explain this answer?.

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