What is meant by a progressive tax?
a regressive tax?
a pro- portional tax?
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Business, 02.12.2019 21:31 puppylove899
What is meant by a progressive tax?
a regressive tax?
a pro- portional tax?
comment on the progressivity or regressivity of each of the following taxes, indicating in each case where you think the tax incidence lies:
(a) the federal personal in- come tax
(b) a 4 percent state general sales tax
(c) a federal excise tax on automobile tires
(d) a municipal property tax on real estate
(e) the federal corporate income tax
(f) the portion of the payroll tax levied on employers
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