asked 150k views
5 votes
A tax that imposes a higher percentage rate of taxation on low incomes rather than high incomes is known as a progressive tax

1 Answer

6 votes
No, this is false.
A progressive tax imposes a higher taxation on high incomes rather than on low incomes. The tax type from the description is the regressive tax.
answered
User Nbbk
by
8.2k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories