A form of tax that is mildly progressive and regressive is_______
The correct answer is A. Proportional tax
In a proportional tax system, all taxpayers are required to pay the same percentage of their income in taxes. This means that lower class, or middle class, or upper class people pay the same amount of tax. This is characterized by a Progressive and Regressive taxing system
Previous question Next questionWhat is Exam without Practice? With our customizable CBT practice tests, you’ll be well-prepared and ready to excel in your examsStart Practicing Now
