Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue

Exercise 8

What is meant by a progressive tax A regressive tax A proportional tax Comment on the progressivity or regressivity of each of the following taxes, indicating in each case where you think the tax incidence lies: ( a )the Federal personal income tax, ( b )a 4 percent state general sales tax, ( c )a Federal excise tax on automobile tires, ( d )a municipal property tax on real estate, ( e )the Federal corporate income tax, (f)the portion of the payroll tax levied on employers. LO3