A form of tax that is mildly progressive and regressive is_______
ECONOMICS
JAMB 2019
A form of tax that is mildly progressive and regressive is_______
- A. Proportional tax
- B. Progressive tax
- C. Regressive tax
- D. Digressive tax
Correct Answer: A. Proportional tax
Explanation
In a proportional tax system, all taxpayers are required to pay the same percentage of their income in taxes. This means that lower class, or middle class, or upper class people pay the same amount of tax. This is characterized by a Progressive and Regressive taxing system
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