Economics · Taxation
The reason why indirect taxes are termed regressive is because:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Their rates are higher than direct tax rates
- 2Their rates are different for different income groups
- 3They are not charged for some income groups
- 4Their rates are the same for all income groups, taking a larger percentage of income from low-income earners✓
Correct answer
Their rates are the same for all income groups, taking a larger percentage of income from low-income earners
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