ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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A regressive tax is a tax for which people with lower incomes
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pay a lower percentage of their incomes in tax than do people with higher incomes.
pay a higher percentage of their incomes in tax than do people with higher incomes.
pay the same percentage of their incomes in tax as do people with higher incomes.
do not have to pay unless their incomes exceeds a certain amount.
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