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A tax system that puts a greater burden on low-income people than on high-income people
A regressive tax is a rate of tax that falls as the income rises.
This is a fixed rate (proportional) tax, not a regressive tax.
The benefits-received principle justifies a regressive tax.
regressive tax encourages earning. this is such that as for the case of progressive tax whereby the more you earn, the more taxes you pay in the case of regressive tax, the more you earn the more you get to keep.
A tax system that puts a greater burden on low-income people than on high-income people
Homework questions are really best answered by referring to your class materials. What is the definition of progressive VS regressive...and how is the gift tax applied?
A regressive tax is a rate of tax that falls as the income rises.
Regressive
regressive
This is a fixed rate (proportional) tax, not a regressive tax.
The benefits-received principle justifies a regressive tax.
regressive tax encourages earning. this is such that as for the case of progressive tax whereby the more you earn, the more taxes you pay in the case of regressive tax, the more you earn the more you get to keep.
Regressive tax
Regressive tax
Regressive
regressive.