Asked by
Rabih Darwiche
on Nov 05, 2024
Verified
Excise taxes on products like gasoline and tobacco are regressive.
Excise Taxes
Taxes imposed on specific goods, such as tobacco and alcohol, either as a fixed amount per unit or as a percentage of the price.
Regressive
Relating to a tax system that disproportionately impacts those with lower incomes, or to policies that may reverse political or social progress.
- Evaluate how different taxation models (progressive, regressive, proportional) influence the distribution of earnings.
- Distinguish between different types of taxes (income, sales, excise) and their implications for taxpayers at various income levels.
Verified Answer
DR
Learning Objectives
- Evaluate how different taxation models (progressive, regressive, proportional) influence the distribution of earnings.
- Distinguish between different types of taxes (income, sales, excise) and their implications for taxpayers at various income levels.