Which of the following best describes a regressive tax?
Which of the following best describes a regressive tax?
| A. | A tax that takes a fixed percentage of income regardless of the taxpayer’s level of income. | |
| B. | A tax that takes a larger share of the income of high-income taxpayers than of low-income taxpayers. | |
| C. | A tax that takes a higher percentage of income as income rises. | |
| D. | A tax whose rate rises less than in proportion to income.
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