Asked by Myrick Kelly on Jun 24, 2024
Verified
In the United States,taxes tend to be regressive at:
A) federal,state,and local levels.
B) federal and state levels.
C) state and local levels.
D) no levels of government.
Regressive Tax
A tax system where the tax rate decreases as the taxable amount increases, placing a higher relative burden on lower-income earners.
- Identify the characteristics of regressive taxation systems.
Verified Answer
JG
jenna gaberJun 30, 2024
Final Answer :
C
Explanation :
Taxes tend to be regressive at the state and local levels in the United States because these levels of government often rely more heavily on sales taxes, property taxes, and other fees that take a larger percentage of income from lower-income individuals than from higher-income individuals.
Learning Objectives
- Identify the characteristics of regressive taxation systems.