Asales tax is an example of regressive tax. imagine your state is 5%. your taxable income is $7,500 and you pay $4,000 in taxable goods.

1. how much would you pay in sales tax each year ?
2. what percentage of your taxable income would you pay in taxable goods ?
3. your taxable income is $124,500 and you buy $25,000 in taxable goods. how much would you pay in sales tax each year ?
4. what percentage would you pay in taxable goods ?
your taxable income is $227,000 and you buy $35,000 in taxable goods.
5. how much would you pay in sales tax each year ?
6. what percentage of your taxable income would you pay in taxable goods ?