Asked by
Shayla Blackmon
on Oct 13, 2024
Verified
Most excise taxes are
A) progressive.
B) proportional.
C) regressive.
Excise Taxes
Taxes levied on the sale of specific goods and services, such as gasoline, cigarettes, and alcohol.
- Acquire an understanding of the foundational concepts of progressive, proportional, and regressive taxation and their practical application in differing tax regimes.
- Differentiate between direct and indirect taxes and their implications on taxpayers.
Verified Answer
KM
Learning Objectives
- Acquire an understanding of the foundational concepts of progressive, proportional, and regressive taxation and their practical application in differing tax regimes.
- Differentiate between direct and indirect taxes and their implications on taxpayers.