WBCS.LIVE practice question

_____ is a tax system that collects a greater share of income from those with high incomes than from those with lower incomes.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Proportional tax
  2. Regressive tax
  3. Payroll tax
  4. Progressive tax

Correct answer and explanation

Correct answer: Progressive tax