An example of a regressive tax is:
A) the personal income tax.
B) a general sales tax.
C) the graduated corporation income tax.
D) the inheritance tax.
E) none of the above.
Correct Answer:
Verified
Q30: The two biggest items in the federal
Q31: The principal source of local government revenue
Q32: Value-added taxes are:
A)collected only at the sale
Q33: An example of a government transfer payment
Q34: Double-taxation in the U.S.tax system generally refers
Q36: When we speak of the incidence of
Q37: The best technical description of a progressive
Q38: Many people disagree about the degree of
Q39: A general sales tax is:
A)a progressive tax
Q40: The largest item in local government budgets
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