Dragonslayer01 Dragonslayer01
  • 14-11-2016
  • Social Studies
contestada

Which best describes a regressive tax?

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Kalahira
Kalahira Kalahira
  • 05-01-2018
A regressive tax is what you call when the tax rate decreases as the amount that is to be taxed upon increases. It shows an inverse variation. To give an idea, examples of regressive taxes are sales taxes and property taxes.
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carrieunderwood carrieunderwood
  • 29-04-2019

Answer:

A tax that charges high-income earners a lower percentage than low-income earners

Explanation:

Actual definintion

Regressive Tax: a tax in which wage earners with lower incomesa re taxed at a higher percentage rate than earners with higher incomes.

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