Local property taxes are a
A) Regressive tax because poorer people spend a larger portion of their income on property taxes.
B) Progressive tax because as income increases people tend to buy more expensive houses.
C) Progressive tax because the total tax on housing increases as the price of the house increases.
D) Proportional tax because properties are taxed at the same rate regardless of the value of the home.
Correct Answer:
Verified
Q94: In real terms,the cost of government spending
Q95: A tax that is placed on the
Q96: Local governments provide law enforcement,which benefits society,but
Q97: The largest single source of revenue for
Q98: Which of the following occurs if government
Q100: A tax is regressive if it takes
Q101: From the In the News article titled,"Firefighters
Q102: In the cost-benefit analysis of public goods,the
Q103: The market mix of output and the
Q104: The four specific sources of market failure
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents