Final answer:
A regressive tax, such as an excise tax on products like alcohol and tobacco, places a higher financial burden on low-income individuals compared to high-income individuals.
Explanation:
Regressive tax is a tax that takes a higher percentage of income from low-income earners than from high-income earners. An example of a regressive tax is an excise tax on goods like alcohol and tobacco. These taxes disproportionately affect lower-income individuals who spend a higher portion of their income on these goods.
Learn more about Regressive tax here:
https://brainly.com/question/43974707
