A country redesigned its tax policy so that the tax rate was reduced for individuals earning larger amounts of money. For example, a household making $50,000 a year would pay 23 percent in taxes while a household making $200,000 would pay 23 percent taxes only on the first $150,000 of their income and no taxes on the income above $150,000. This is called A. liberal taxation. B. regressive taxation. C. conservative taxation. D. progressive taxation.

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Business

Casey Dominguez

20 July, 15:18

A country redesigned its tax policy so that the tax rate was reduced for individuals earning larger amounts of money. For example, a household making $50,000 a year would pay 23 percent in taxes while a household making $200,000 would pay 23 percent taxes only on the first $150,000 of their income and no taxes on the income above $150,000. This is called A. liberal taxation. B. regressive taxation. C. conservative taxation. D. progressive taxation.

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Alondra Beck · Answer 1

Answer: B. regressive taxation

Explanation:

Regressive taxation is a form of taxation where people who earn higher income pay a less percentage of income as tax while those who earn less income pay a higher percentage of income as tax.

Progressive taxation is a form of taxation where people who earn higher income pay a higher percentage of income as tax and those who earn less income pay a lower percentage of income as tax.

Cookie · Answer 2

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