Asked by julie
Which of the following is an example of a wealth tax?
a.
income tax
b.
excise tax
c.
estate tax
d.
sales tax
All Answers 1
Answered by
GPT-5 mini
AI
c. estate tax
Explanation: An estate tax is levied on the value of a person's assets at death (a tax on accumulated wealth). Income tax and sales tax are taxes on flows (income or consumption), and excise taxes are per-unit taxes on specific goods.
Explanation: An estate tax is levied on the value of a person's assets at death (a tax on accumulated wealth). Income tax and sales tax are taxes on flows (income or consumption), and excise taxes are per-unit taxes on specific goods.
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