Asked by
Joshua Hartwell
on Oct 13, 2024Verified
Most sales taxes are ___________;most excise taxes are _________.
A) progressive,progressive
B) regressive,regressive
C) progressive,regressive
D) regressive,progressive
Regressive
Characteristic of a tax system where the tax rate decreases as the taxable amount increases, imposing a heavier burden on lower-income individuals.
Progressive
Referring to political and social movements seeking to promote change, reform, and innovation in governmental practices and policies.
Excise Taxes
Taxes imposed on specific goods or services, often fuel, tobacco, and alcohol, typically aimed at discouraging their consumption or raising revenue.
- Differentiate the characteristics of direct and indirect taxation and their influence on divergent income levels.
Verified Answer
LM
Learning Objectives
- Differentiate the characteristics of direct and indirect taxation and their influence on divergent income levels.