A general sales tax is:
A) a progressive tax because it applies to luxuries as well as necessities
B) a progressive tax because wealthy people spend more than poor people.
C) a regressive tax because wealthy people spend a smaller percentage of their total income on taxed commodities.
D) a regressive tax because more money is collected from a poor person than from a rich one.
E) a proportional tax because everybody pays the same tax percentage on each purchase.
Correct Answer:
Verified
Q34: Double-taxation in the U.S.tax system generally refers
Q35: An example of a regressive tax is:
A)the
Q36: When we speak of the incidence of
Q37: The best technical description of a progressive
Q38: Many people disagree about the degree of
Q40: The largest item in local government budgets
Q41: Before World War I, the combined federal,
Q42: The Invisible Hand has several limitations.
Q43: A shift from progressive direct taxes to
Q44: Government expenditure in the United States measured
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents