Asked by
Mylee George
on Nov 05, 2024
Verified
The ________ is an example of a regressive tax.
A) individual income tax
B) tariff
C) sales tax
D) energy tax
Regressive Tax
A tax system in which the tax rate decreases as the taxable amount increases, disproportionately burdening lower-income individuals.
Sales Tax
A tax imposed on sales of goods and services, typically calculated as a percentage of the selling price.
- Reveal and differentiate the contrasts between proportional, progressive, and regressive taxation strategies.
- Become familiar with assorted examples of taxation methods (progressive, regressive, proportional) and their implications for income levels.
Verified Answer
CA
Learning Objectives
- Reveal and differentiate the contrasts between proportional, progressive, and regressive taxation strategies.
- Become familiar with assorted examples of taxation methods (progressive, regressive, proportional) and their implications for income levels.