Economics · Economy
In a regressive tax system, how does the tax rate change relative to income?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The tax rate is determined purely by the age of the taxpayer.
- 2The rate of tax remains constant regardless of income.
- 3The rate of tax decreases as income increases.✓
- 4The rate of tax increases as income increases.
Correct answer
The rate of tax decreases as income increases.
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