Which of the following taxes are likely to be regressive taxes? a) Sales taxes and use taxes. b)...
Question:
Which of the following taxes are likely to be regressive taxes?
a) Sales taxes and use taxes.
b) Income taxes based on ability to pay.
c) Additional sales and use taxes imposed on luxury vehicles.
d) None of the above.
Taxation
The process of taxation is used by governments to impose as well as collect levies from business entities and individuals. The tax collected is utilized in the provision of public goods for all people. Payment of taxes is a legal obligation for everyone. There are various types of taxes.
Answer and Explanation: 1
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View this answerSales and use taxes (option a). A regressive tax refers to a kind of tax that is uniformly applied regardless of whether one earns a low income or a...
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The Morality of Justice, Fairness & Taxation
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Chapter 35 / Lesson 3
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The morality of decisions involving justice, fairness, and taxation are hotly debated and highly influential on society. Explore the details of moral arguments in justice systems and the fairness of different taxation policies.
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