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Lipinsky859 Lipinsky859
  • 30-07-2015
  • Business
Answered

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

Verified Answer :

WorldCitizen WorldCitizen
  • 30-07-2015

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.

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