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Final answer:

A regressive tax, such as an excise tax on products like alcohol and tobacco, places a higher financial burden on low-income individuals compared to high-income individuals.


Explanation:

Regressive tax is a tax that takes a higher percentage of income from low-income earners than from high-income earners. An example of a regressive tax is an excise tax on goods like alcohol and tobacco. These taxes disproportionately affect lower-income individuals who spend a higher portion of their income on these goods.


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