Types of Taxation
Choose the statements that CORRECTLY describe taxation in the United States.
A Progressive Tax is one in which the percentage paid in tax increases as the level of income rises,
A Regressive Tax is one that takes a higher percentage of one's salary as one's income decreases
A Proportional Tax is one that tends to higher income earners more than other groups,
A Regressive Tax tends to hurt low-income families more than middle- or high-income families.
The U. S. Federal Income Tax is mostly a proportional tax
Most sales taxes in the United States can be classified as a Regressive Tax