Ad valorem tariffs are a regressive form of taxation.

Name: Ad valorem tariffs are a regressive form of taxation.
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Question

Quizplus · Accepted Answer

Ad valorem tariffs are based on the value of the goods being imported, not on the income or wealth of the importer, so they do not directly correlate with the regressive or progressive nature of taxation which is determined by how the tax rate affects individuals across different income brackets.

Ad Valorem Tariffs Are a Regressive Form of Taxation