All of the following are examples of regressive taxes except:

Question

Quizplus · Accepted Answer

Regressive taxes are those that take a larger percentage of income from lower-income individuals than from higher-income individuals. Sales tax and excise tax are considered regressive because they take a higher percentage of income from lower-income individuals who tend to spend a larger proportion of their income on taxable goods. Property tax can be progressive or regressive depending on the value of the property and the income of the owner. Income tax, on the other hand, is considered progressive because it takes a higher percentage of income from higher-income individuals. Therefore, the only choice that is not an example of a regressive tax is C, income tax.

All of the Following Are Examples of Regressive Taxes Except