
Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
Edition 18ISBN: 9780073365954
Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
Edition 18ISBN: 9780073365954 Exercise 6
What is meant by a progressive tax A regressive tax A proportional tax Comment on the progressivity or regressivity of each of the following taxes, indicating in each case where you think the tax incidence lies:
a. The Federal personal income tax
b. A 4 percent state general sales tax
c. A Federal excise tax on automobile tires
d. A municipal property tax on real estate
e. The Federal corporate income tax
f. The portion of the payroll tax levied on employers
a. The Federal personal income tax
b. A 4 percent state general sales tax
c. A Federal excise tax on automobile tires
d. A municipal property tax on real estate
e. The Federal corporate income tax
f. The portion of the payroll tax levied on employers
Explanation
A progressive tax is one where the rate ...
Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
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