Which of the following can be classified as a regressive tax?
A) Excise tax.
B) Sales tax.
C) Gasoline tax.
D) All of the above.

Question

Quizplus · Accepted Answer

All of the above taxes can be classified as regressive because they tend to take a larger percentage of income from lower-income individuals as compared to higher-income individuals. This is because lower-income individuals spend a higher percentage of their income on these types of goods and services, while higher-income individuals have a greater ability to shift their spending towards non-taxed or less heavily taxed items.

Which of the Following Can Be Classified as a Regressive