Asked by Chyna Forrester on Jun 07, 2024
Verified
An example of a direct regressive tax would be the _____ tax.
Regressive Tax
A taxation mechanism where the tax rate effectively decreases as the taxable amount (income or assets) increases, placing a higher relative burden on lower earners.
- Comprehend the differences among progressive, regressive, and proportional taxation systems.
- Identify direct and indirect taxes and their examples.
Verified Answer
MR
Learning Objectives
- Comprehend the differences among progressive, regressive, and proportional taxation systems.
- Identify direct and indirect taxes and their examples.