Asked by
Bailey Clipperton
on Oct 13, 2024
Verified
An excise tax on cigarettes is ________ and _______.
A) regressive,direct.
B) regressive,indirect.
C) progressive,direct.
D) progressive,indirect.
Excise Tax
Taxes applied to specific goods, services, or activities, either as a flat amount per unit or as a percentage of the price.
Direct and Indirect
Terms used to differentiate between costs, taxes, or subsidies that are explicitly linked to the production or sale of a good (direct) and those that are not directly linked but influence economic outcomes (indirect).
- Perceive the basis of progressive, proportional, and regressive taxation and its application to dissimilar tax systems.
- Differentiate between the mechanisms of direct and indirect taxation and understand their repercussions on people who pay taxes.
Verified Answer
MR
Learning Objectives
- Perceive the basis of progressive, proportional, and regressive taxation and its application to dissimilar tax systems.
- Differentiate between the mechanisms of direct and indirect taxation and understand their repercussions on people who pay taxes.