Multiple Choice
An income tax is regressive if
A) the tax liability of high-income recipients exceeds the tax liability of those with low incomes.
B) the tax liability of high-income recipients is less than the tax liability of those with low incomes.
C) high-income recipients pay a higher percentage of their incomes in taxes than those with low incomes.
D) high-income recipients pay a lower percentage of their incomes in taxes than those whose incomes are low.
Correct Answer:
Verified
Correct Answer:
Verified
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