Question

Which best describes a regressive tax?

Answer 1

A regressive tax is what you call when the tax rate decreases as the amount that is to be taxed upon increases. It shows an inverse variation. To give an idea, examples of regressive taxes are sales taxes and property taxes.

Answer 2

A tax that charges high-income earners a lower percentage than low-income earners

Step-by-step explanation:

Actual definintion

Regressive Tax: a tax in which wage earners with lower incomesa re taxed at a higher percentage rate than earners with higher incomes.