Economics · Public Finance

Which of the following statements is true regarding a regressive tax?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The tax rate increases as income increases.
2The tax rate decreases as income increases.✓
3The tax rate remains constant for all income levels.
4The tax rate does not depend on income at all.

Correct answer

The tax rate decreases as income increases.

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Which of the following statements is true regarding a regressive tax?

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Which of the following statements is true regarding a regressive tax?

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