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What statement is a common argument against sales tax?
Regressive tax
Why are some taxes considered to be regressive?
A tax is regressive if every member of the society has an equal burden of paying, despite wealth and income levels. The sales tax is considered regressive because everyone, from the wealthiest to the most destitute, pay the same rate.
A regressive tax is BEST defined as a rate of tax?
A regressive tax is a rate of tax that falls as the income rises.
What is the principle that justifies a regressive tax?
The benefits-received principle justifies a regressive tax.
What is the advantage of regressive tax?
regressive tax encourages earning. this is such that as for the case of progressive tax whereby the more you earn, the more taxes you pay in the case of regressive tax, the more you earn the more you get to keep.
Is the sales tax progressive or regressive?
regressive
What kind of tax is sales tax?
Regressive
What kind of tax is the sales tax?
Regressive tax
What is a common argument against sales tax?
It is a regressive tax.
A sales tax is a tax?
A sales tax is levied on most consumer purchases-is much simpler.
The sales tax is regarded by some people as?
Some people regard sales tax as a regressive tax.
Using income as a tax base what is regressive tax?
a general sales tax
Which statement is a common argument against sales tax?
It is a regressive tax.
What statement is a common argument against sales tax?
Regressive tax
What statement is common argument against sales tax?
It is a regressive tax
What type of tax is the sales tax?
A sales tax is a consumption tax, usually paid by the consumer at the point of purchase. For A+ answer is regressive
A sales tax on food items is what type of tax?
indirect tax
