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A tax that imposes a higher percentage rate of taxation on low incomes rather than high incomes is known as a progressive tax

A tax that imposes a higher percentage rate of taxation on low inco...

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A tax that imposes a higher percentage rate of taxation on low incomes rather than high incomes is known as a progressive tax

A tax that imposes a higher percentage rate of taxation on low incomes rather than high incomes is known as a progressive tax

Answer

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.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 46 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 172 views.

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