Is an excise tax progressive or regressive 2024?
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Regressive; it is likely that lower-income groups would spend a larger proportion of their income on the taxed items than would higher-income groups. Excise taxes can also be considered proportional since everyone is taxed at the same rate.
2023-05-13 23:59:13
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Ian Rodriguez
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Regressive; it is likely that lower-income groups would spend a larger proportion of their income on the taxed items than would higher-income groups. Excise taxes can also be considered proportional since everyone is taxed at the same rate.