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2 July, 19:10

Which best describes a regressive tax?

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  1. 2 July, 20:00
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    The correct answer to this question is D.
  2. 2 July, 22:17
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    A regressive tax is what you call when the tax rate decreases as the amount that is to be taxed upon increases. It shows an inverse variation. To give an idea, examples of regressive taxes are sales taxes and property taxes.
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