Solved

Sales Taxes, Other "Consumption" Taxes on Items Including Liquor and Gasoline

Question 26

Multiple Choice

Sales taxes, other "consumption" taxes on items including liquor and gasoline, and federal Social Security contributions are called regressive taxes because:


A) only backwards governments depend on them for revenue.
B) the less money you make, the higher the percentage of your income that goes toward paying these taxes.
C) the more you make, the higher the percentage of your income that goes toward paying these taxes.
D) they tend to be less favored by political progressives-that is, left-leaning Democrats or independent party supporters.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents