Examlex
Which is correct?
Regressive Tax
A tax system where the tax rate decreases as the taxable amount increases, leading to a higher tax burden on lower-income earners.
Sales Tax
A tax imposed by governments on sales of goods and services, typically a percentage of the sale price paid by the consumer.
Income Rises
An increase in the amount of money received by an individual or household, which can affect purchasing power and economic status.
Proportional Tax
A taxation system where the tax rate remains constant regardless of the amount subject to tax, leading to a uniform tax rate for all taxpayers.
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