Asked by
Zenaida Gudiel
on Nov 30, 2024
Verified
A tax on _____ would be the least regressive.
A) food
B) cigarettes
C) beer
D) luxury cars
Regressive Tax
A tax system where the tax rate decreases as the taxable amount increases, placing a higher relative burden on low-income earners compared to high-income earners.
- Acknowledge the theories behind progressive, proportional, and regressive taxation and their utilization in different tax frameworks.
Verified Answer
GC
Learning Objectives
- Acknowledge the theories behind progressive, proportional, and regressive taxation and their utilization in different tax frameworks.