Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A tax whose impact varies inversely with the income of the person taxed, and poor people have a higher percentage of their income taxed than
A tax whose impact varies inversely with the income of the person taxed, and poor people have a higher percentage of their income taxed than rich people, is known as a: Group of answer choices regressive tax. progressive tax. proportional tax. flat tax. tax holiday
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started