Business, 02.12.2019 21:31 puppylove899

What is meant by a progressive tax?
a regressive tax?
a pro- portional 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 in- come 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

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What is meant by a progressive tax?
a regressive tax?
a pro- portional tax?
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