Economy, asked by gaganpreetk635, 6 months ago

Is a tax on cigarettes a regressive tax or a progressive tax? Explain your answer, including a definition of both terms

Answers

Answered by ssbhushan13
0

Answer:

Progressive taxes have graded tax rates, meaning that the rich pay taxes at higher rates; an example is the American federal income tax. Regressive taxes are taxes that impose a higher percentage rate of taxation on low incomes than on high incomes; a technical example would be sales tax.

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