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Asked by Laisha Molina Garcia on Jun 24, 2024

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A tax that exacts a higher proportion of income from higher-income people than it does from lower-income households is a regressive tax.

Regressive Tax

A tax applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners.

  • Investigate how various tax structures (progressive, regressive, proportional) affect the division of wealth among individuals.
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Adiba ArapahJun 26, 2024
Final Answer :
False
Explanation :
A tax that exacts a higher proportion of income from higher-income people than from lower-income households is a progressive tax, not a regressive tax.

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