Mr.A earns N300 and pays N15 in tax. Mr. B earns N100 and pays N6…

Mr.A earns N300 and pays N15 in tax. Mr. B earns N100 and pays N6 in tax. This tax system can be described as?
  • A.
    proportional tax
  • B.
    progressive tax
  • C.
    competitive tax
  • D.
    excise tax
  • E.
    regressive tax
Correct Answer: Option E
Explanation
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