Question : A tax is said to be regressive when its burden falls on
Option 1: Less heavily on the poor than on the rich.
Option 2: More heavily on the poor than on the rich.
Option 3: Equally on the poor as on the rich.
Option 4: None of these
Correct Answer: More heavily on the poor than on the rich.
Solution : The correct option is more heavily on the poor than on the rich.
Regressive taxes take a larger share of lower-income people's income than they do from higher-income people. In other words, the proportion of income paid in taxes declines as income rises. This indicates that, about their overall financial status, persons with lower earnings bear a share of the tax burden.
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