A regressive tax takes a higher percentage of income from lower-income taxpayers (A). This means that as income decreases, the proportion of income paid in taxes increases, placing a heavier burden on those with lower incomes compared to those with higher incomes.
Which group of taxpayers does a regressive tax take a higher percentage of income from?
A) lower-income taxpayers
B) middle-income taxpayers
C) higher-income taxpayers
D) unemployed taxpayers
1 answer