A tax that takes away a higher proportion of one's income as the income rises is termed as [I. Tax & Central Excise 1990]

A tax that takes away a higher proportion of one's income as the incom

1.	A tax that takes away a higher proportion of one's income as the income rises is termed as [I. Tax & Central Excise 1990]
A.	indirect tax
B.	progressive tax
C.	regressive tax
D.	proportional tax
Answer» C. regressive tax

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A tax that takes away a higher proportion of one's income as the income rises is termed as [I. Tax & Central Excise 1990]

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