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Mizan Nurani
on Nov 26, 2024

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Which of the following taxes is most likely to be shifted?

A) a general sales tax
B) a flat-rate state income tax
C) a progressive federal income tax
D) a property tax on an owner-occupied residence

Shifted

Refers to a change in position or direction, often used in economics to describe movements in supply or demand curves.

Sales Tax

A tax imposed on sales of goods and services, typically calculated as a percentage of the purchase price and collected by the retailer.

  • Acquire knowledge on the notion of tax shifting and its consequences for diverse taxes.
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KJ
Keisha JonesNov 30, 2024
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