__________ are the most inelastic of the major taxes used in the United States.
A)Graduated income taxes
B)Non-graduated income taxes
C)Personal and real property taxes
D)Sales taxes
E)Excise taxes

Question

Quizplus · Accepted Answer

Personal and real property taxes are considered the most inelastic because their revenue does not fluctuate significantly with changes in the economy or individual income, unlike income or sales taxes which can vary more with economic conditions.

__________ Are the Most Inelastic of the Major Taxes Used