Many economists believe a general sales tax (particularly onitems such as food)

Question

Many economists believe a general sales tax (particularly onitems such as food) takes a larger proportion of income fromlow-income households than from high-income households. If this istrue, a general sales tax is a A.   regressive tax. B.   proportional tax. C.   neutral tax. D.   progressive tax. Many economists believe a general sales tax (particularly onitems such as food) takes a larger proportion of income fromlow-income households than from high-income households. If this istrue, a general sales tax is a A.   regressive tax. B.   proportional tax. C.   neutral tax. D.   progressive tax. A.   regressive tax. B.   proportional tax. C.   neutral tax. D.   progressive tax.

Explanation / Answer

Remember, regressive taxes aregood for the rich because it takes up a larger proportion of thepoor people's income due to that the tax is same forall A.   regressive tax.

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