Sales and excise taxes are:

Name: Sales and excise taxes are:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Sales and excise taxes are regressive because they tend to take a higher percentage of income from low-income individuals compared to high-income individuals. This is because lower-income households spend a larger portion of their income on taxable goods and services, while high-income households have a larger portion of their income available for non-taxable expenditures, such as savings or investments.

Sales and Excise Taxes Are