Ask Question
18 February, 14:32

Identify each of the following taxes as being either progressive or regressive. a. Personal income tax:. b. Sales taxes:. c. Payroll taxes:. d. Property taxes:.

+3
Answers (1)
  1. 18 February, 14:58
    0
    They are all regressive tax

    Explanation:

    A progressive tax is a tax system whereby lower tax rates are used for low income earners compared to high income earner. while regressive tax is a system whereby a higher percentage of tax is collected from low income earners

    Personal income tax is a progressive tax, its rate increases with the individuals income.

    Sales tax is regressive because despite the individuals income, the sale tax is same across, meaning low income earners will spend more on sales tax

    Payroll tax and property tax are also regressive, a constant tax rate is used for similar properties within a neighbourhood with no regard to the owners income level.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Identify each of the following taxes as being either progressive or regressive. a. Personal income tax:. b. Sales taxes:. c. Payroll ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers