Is a tax on cigarettes a regressive tax or a progressive tax? Explain your answer, including a definition of both terms
Answers
Answered by
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.
Similar questions