Question

Which type of tax is characterized as having a "fixed" rate?

Answer 1

The tax that is characterized as having a fixed rate is a proportional tax. That means that no amount will change regardless of whether the base amount increases or decreases.

Answer 2

The options of the question are, A) Regressive tax. B) Progressive tax. C) Inheritance tax. D) Proportional tax.  

The correct answer is A) Proportional tax.  

The type of tax that is characterized as having a fixed rate is Proportional tax.  

Among the income taxes, the proportional tax, the same proportion of the tax is levied in all the registered people that pay taxes. It does not matter the income they get, low, medium or high class. The opposite of this tax is the progressive tax, where the tax is adjusted by income