Asked by Writes Wanderlust on Jul 24, 2024
Verified
Under a regressive income tax system,individuals with higher incomes pay higher marginal tax rates.
Regressive Income Tax
A taxation method where the tax rate falls as the amount being taxed grows.
- Comprehend the fundamentals of taxation and how they're utilized in financing government operations.
Verified Answer
JB
Jeremy BernardJul 29, 2024
Final Answer :
False
Explanation :
Under a regressive income tax system, individuals with higher incomes pay lower marginal tax rates, while those with lower incomes pay higher marginal tax rates.
Learning Objectives
- Comprehend the fundamentals of taxation and how they're utilized in financing government operations.
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