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Mary Goret
Apr 2

Regressive taxes?

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ChatGPT
Apr 2
Regressive taxes are taxes that take a larger percentage of income from low-income individuals than from high-income individuals. This means that as income increases, the percentage of income paid in taxes decreases. Regressive taxes are often criticized for placing a greater burden on those who can least afford it, as they can contribute to income inequality. Examples of regressive taxes include sales taxes, payroll taxes, and some flat taxes.
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