Regressive tax is that which is:

Charged at an increasing rate when income of the individual increases

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Charged at a decreasing rate when income of the individual increases

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Relatively a low percentage of an individual's income

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None of these

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Solution

The correct option is B
Charged at a decreasing rate when income of the individual increases

Regressive tax charges lower amounts from higher income groups.

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Similar questions

Q. An individual receives an income of Rs 1,00,000. He paid income tax at a rate of 2 per cent. What is his disposable income?

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Q. Discuss the causes and effects of increases in individual income.

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Regressive tax is that which is:

The correct option is B Charged at a decreasing rate when income of the individual increases Regressive tax charges lower amounts from higher income groups.

The correct option is B
Charged at a decreasing rate when income of the individual increases

Regressive tax charges lower amounts from higher income groups.