Which of the following is generally considered the most regressive type of tax?
A)gift tax
B)federal income tax
C)excise tax
D)payroll tax

Question

Which of the following is generally considered the most regressive type of tax?
A)​gift tax
B)​federal income tax
C)​excise tax
D)​payroll tax

Quizplus · Accepted Answer

Excise taxes are considered regressive because they take a larger percentage of income from low-income individuals than from high-income individuals, as they are applied uniformly to all consumers regardless of their income level.

Which of the Following Is Generally Considered the Most Regressive