Answer
Regressive
Work Step by Step
Since the tax rate declines as income increases, the tax is regressive.
Microeconomics: Principles, Problems, & Policies, 20th Edition
by McConnell, Campbell; Brue, Stanley; Flynn, Sean
Published by
McGraw-Hill Education
ISBN 10:
0077660811
ISBN 13:
978-0-07766-081-9
Chapter 18 - Public Finance: Expenditures and Taxes - Review Questions - Page 426: 3
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