emilymyoder04
contestada

Classify each of the following types of taxes as progressive or regressive and explain why: federal income tax, property tax, sales tax, and payroll tax.

Respuesta :

ogorwyne

The regressive taxes are:

  • Sales tax
  • Property tax

The progressive taxes are:

  • federal income tax
  • payroll tax.

What is a regressive tax?

This is a tax that has to put the same tax rate on all tax payers despite the ability they have to pay or income.

What is a progressive tax?

This is a type of tax that taxes income earners based on the amount they earn. The more you earn, the more you pay as tax.

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