Ask Question
28 July, 11:46

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

+2
Answers (1)
  1. 28 July, 13:36
    0
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A tax that imposes a higher percentage rate of taxation on low incomes rather than high incomes is known as a progressive tax ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers