Multiple Choice
Sales taxes, other "consumption" taxes on items including liquor and gasoline, and federal Social Security contributions are called regressive taxes because:
A) only backwards governments depend on them for revenue.
B) the less money you make, the higher the percentage of your income that goes toward paying these taxes.
C) the more you make, the higher the percentage of your income that goes toward paying these taxes.
D) they tend to be less favored by political progressives-that is, left-leaning Democrats or independent party supporters.
Correct Answer:
Verified
Correct Answer:
Verified
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