A large component of regressive taxes is taken from which type of families?

Question

Business

Haylee Sanchez

19 September, 22:28

A large component of regressive taxes is taken from which type of families?

+5

Answers (2)

Know the Answer?

Cory Willis · Answer 1

Low income Families.

Explanation:

A large component of regressive taxes is taken from the Low Income Earning Families.

Regressive taxes is the opposite of progressive taxes in which large component of taxes are taken from the high income earning families.

Regressive taxes are not liked among people because this type of tax put a huge burden on people who already have low incomes. Low income earners fulfill their needs very complexly, this type of tax leave them with the deprivation of their basic necessities.

Hugo Johnston · Answer 2

Answer: A large component of regressive taxes is taken from low-income families.

When the percentage of taxes paid relative to income is higher, then the taxes are known as regressive taxes.

The chance that a uniform tax is regressive is higher.

A regressive tax is a bigger burden on individuals from low income than those with higher income.

Hence a large portion of regressive taxes are collected from families with low income.