The type of tax rate that describes the tax rate for the top 1% compared with the rates paid by the groups, with next 10%, 5%, and 4% as labels is: regressive.
What is Regressive Tax?
A regressive tax system is a type of system whereby tax rate decreases as the amount of taxable income increases, and vice versa, in such a way that the average tax rate exceeds the marginal tax rate.
Thus, the type of tax rate that describes the tax rate for the top 1% compared with the rates paid by the groups, with next 10%, 5%, and 4% as labels is: regressive.
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