The Federal excise tax on cigarettes is an example of a proportional tax. (Point

Question

                      The Federal excise tax on cigarettes is an example of a proportional tax. (Points : 1)       

      True
       False

Question 2. 2. Social considerations can be used to justify: (Points : 1)        allowance of a credit for child care expenses.
       allowing excess capital losses to be carried over to other years.
       allowing accelerated amortization for the cost of installing pollution control facilities.
       allowing a Federal income tax deduction for state and local sales taxes.
       none of these.

Explanation / Answer

Hey Dear Student !!

1) False, Because Excise on Cigarets is a type of Regressive Taxation because it affects lower class individuals more than higher because paying capacity of poor individuals is very low.

2) Allowance of a Credit of Child Care Expenses is Considered as Social Consideration as per Federal Taxes.

3) True, Because approximately 40-49% of Income Taxes is generated from Individuals in Federal.

4) VAT is Regressive in its effect because it affects lower class individuals more than higher because paying capacity of poor individuals is very low.

Further in case of multiple questions we are supposed to answer first 4 only you can post your remaining questions in denomination of 4-4 sub parts.

Pleasure Teaching You !!

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