The type of tax that describes excise taxes, sales taxes, and tolls is a regressive tax. Regressive taxes take a larger percentage of income from low-income earners than from high-income earners, as they are based on consumption rather than income.
Which type of tax describes excise taxes, sales taxes, and tolls?(1 point)
Responses
regressive tax
regressive tax
use tax
use tax
progressive tax
progressive tax
flat tax
1 answer